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NCB closes Tier I sukuk of 2b Saudi riyals
The National Commercial Bank said on Wednesday it successfully issued subordinated Additional Tier I capital Sukuk of 2 billion Saudi riyals Dh1.95 billion through a private placement offer in Saudi Arabia. Sukuk issuances such as this are intended to strengthen the Bank’s capital base in accordance with the Basel III…
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Click here to read the full story: Gulf News