Islamic Finance
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Al Rajhi Bank completes $3bn Tier 1 SR-denominated Sukuk subscription
Al Rajhi Banking and Investment Corp., the Kingdom’s largest valued bank, has completed the offering and subscription of Tier 1 Sukuk denominated in Saudi Riyals, valued at SR10 billion ($3 billion). The rate of return is reset on Nov. 16, and is reset every five years following the first reset…
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