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Emerging MarketsEM Middle East

Aramco debuts in sukuk market in diversification bid

Alamy_SaudiAramco-575x375_09June2021

Saudi Aramco, the world’s largest oil company, entered the Sharia-compliant bond market for the first time on Wednesday, with what market participants called a tool for investor diversification. Proceeds from the capital raising are expected to fund Aramco's $75bn dividend.

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