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- Dubai 04:31 05:49 12:21 15:48 18:47 20:05
HSBC, Samba lead arrangers for Saudi Sukuk. (AP)
Saudi Electricity has appointed HSBC and Samba Capital as lead arrangers for its Islamic bond or sukuk, to raise up to $1.9 billion, said two bankers familiar with the matter. The bond will launch in May and will be a minimum of SR5 billion (Dh4.89bn). The proceeds will be used to fund expansion plans.
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