Al Rajhi Bank hires advisors for five-year sustainable sukuk
Proceeds are earmarked to support the bank’s financial and strategic objectives
Available in your choice of English or Arabic
Proceeds are earmarked to support the bank’s financial and strategic objectives
The issuance carries 9.5% fixed annual yield
Investors can snap up certificates worth a minimum of USD 200k
Order books hit over USD 16 bn
The size of the offering remains undisclosed
The company is preparing for a roadshow on the prospective debt sale
SGH’s president says the program will allow the company to “improve cashflows … boost profitability”
The offering will be made available to local, foreign investors
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