SAUDI ARABIA: alrajhi bank plans to issue a US dollar-denominated sustainable Sukuk facility under its international Sukuk program to fulfill the bank’s financial and strategic objectives in accordance to its sustainable finance framework, according to a bourse filing. The amount and terms of the sustainable Sukuk will be determined subject to market conditions.
The bank has mandated Al Rajhi Capital, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Citigroup Global Markets, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs, HSBC, KFH Capital, SMBC Capital Markets, Société Générale and Standard Chartered as joint lead managers and bookrunners.
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