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Banque Saudi Fransi Gets Approval for 2.5 Billion Riyal Sukuk
Banque Saudi Fransi (BSFR), partly owned by Credit Agricole SA, said it received approval from the Saudi central bank to issue as much 2.5 billion riyals ($667 million) in sukuk. The Islamic bonds will enhance the bank’s capital base and help expand its lending activities, the Riyadh-based lender said in…
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Click here to read the full story: Bloomberg