Islamic Finance
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Banque Saudi Fransi says completes 2 bln riyal capital-boosting sukuk
Banque Saudi Fransi, the kingdom’s fourth-largest listed lender, has completed a capital-boosting sukuk issue worth 2 billion riyals ($533 million), it said in a statement on Thursday. The Islamic bond, which has a ten-year lifespan but with an option for the bank to repay investors after the fifth year, was…
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Click here to read the full story: Gulf News.com