Islamic Finance
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Saudi British Bank Said to Raise $400 Million in Sukuk Placement
Saudi British Bank (SABB), the lender 40 percent owned by HSBC Holdings Plc (HSBA), is said to have raised 1.5 billion riyals ($400 million) through the private placement of Islamic bonds, according to a banker familiar with the transaction.
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Click here to read the full story: Business Week