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Emerging MarketsEM Middle East

Saudi’s biggest bank mandates, market awaits sov

AdobeStock_Saudi_bank_575x375_18Jan2021

Saudi Arabia’s National Commercial Bank (NCB), the largest financial institution in the kingdom, has mandated banks to arrange a tier one dollar sukuk. The deal may act as a prelude to a potential bond sale by the sovereign, which bankers say could happen as early as this week.

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