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Saudi's Al-Jazira Bank plans Islamic bond sale - ASHARQ AL-AWSAT English Archive
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JEDDAH, (Reuters) – Saudi’s Al-Jazira Bank 1020.SE plans to issue a local currency-denominated Islamic bond to boost its capital and expansion plans, it said in a bourse statement on Tuesday.

Al-Jazira did not specify the size of the sukuk or when it plans to launch the issue but said that the local units of HSBC and J.P. Morgan Chase & Co will be managing the bond sale.

“It will be issued depending on the situation of the market and after meeting with investors in Jeddah, Riyadh and Dammam,” the firm said in the statement.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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