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Saudi Hollandi board approves SR1.4bn sukuk
- Saudi Arabia: Tuesday, September 11 - 2012 at 11:34
Saudi Hollandi Bank has unveiled plans to issue a SR1.4bn ($373m) private placement sukuk, Reuters has reported. "Saudi Hollandi Bank's board of directors approved on September 9 the issuing of sukuk worth SR1.4bn as a private offering to support its capital base by using a sharia compliant structure," it said.
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