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SAMA approves Banque Saudi Fransi's $667m Islamic bond
- Saudi Arabia: Monday, October 15 - 2012 at 01:27
Banque Saudi Fransi (BSFR), partly owned by Credit Agricole, has announced it has received approval from the Saudi central bank to issue as much SR2.5bn ($667m) in Islamic bonds, Bloomberg has reported. The sukuk will enhance the bank's capital base and help expand its lending activities, the Riyadh-based lender said.
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