Saudi bank props up capital with SR2bn sukuk

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Saudi bank props up capital with SR2bn sukuk

June 06, 2014 12:00 AM

Saudi Investment Bank has issued SR2bn ($533.23m) of sukuk for the first time, as the Kingdom’s banks aim to strengthen their capital bases to comply with Basel III regulations.

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Islamic FinanceNews contentEmerging MarketsEM Middle EastMiddle East Bonds
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