Mon, 2022-11-14 09:43
RIYADH: Al Rajhi Banking and Investment Corp., the Kingdom’s largest valued bank, has completed the offering and subscription of Tier 1 Sukuk denominated in Saudi Riyals, valued at SR10 billion ($3 billion).
The rate of return is reset on Nov. 16, and is reset every five years following the first reset date, according to a bourse filing.
The sukuk allocation is expected to be completed by Nov. 13, and the settlement is scheduled for Nov. 16.Main category: Business & Economy