Investment Banking
Islamic Finance
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Saudi Investment Bank closes 500m riyals sukuk
Saudi Investment Bank closed a 500 million riyals, $133.3 million Tier 1 sukuk sale, the bank said on Tuesday. The subordinated Islamic bond, or sukuk, was sold privately, it added. The debt transaction, which was completed on Monday, will boost the Riyadh headquartered bank’s capital base and its capital adequacy…
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Click here to read the full story: Gulf News