Islamic Finance

Saudi Fransi to issue additional Tier 1 sukuk


Banque Saudi Fransi plans to privately place a Saudi riyal Additional Tier 1 sukuk. 

The value of the sukuk will depend on market conditions, the bank said in a bourse filing on Sunday (Oct 18).

Saudi Fransi Capital is the sole bookrunner, lead arranger and lead manager for the placement. 

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Sukuk