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SHB to boost capital through sukuk sale

Saudi Hollandi Bank (SHB) has said its board has approved plans to sell Islamic bonds to private investors in a bid to boost its capital after strong lending growth, Reuters has reported. The bank, which did not mention the amount it plans to raise from the sukuk, sold a SR1.4bn ($373.3m) Islamic bond in November to boost its Tier 2, or supplementary capital.