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Saudi’s Almarai planning Islamic bond sale

Almarai Co, Saudi Arabia's largest food producer by market value, is to seek shareholder approval of its plan to issue Islamic bonds at a general assembly meeting on November 19, Reuters has reported. Shareholders will also be asked to authorise the board of directors to issue the Sukuk, once all regulatory approvals are in place, the company said without specifying a timeframe for the issuance.