Saudi Electricity Company , majority owned by the sovereign Public Investment Fund, is set to raise $2 billion from a sale of dual-tranche Islamic bonds, a
RIYADH: Saudi Arabia’s Tadawul-listed Al Rajhi Bank has announced the commencement of its US dollar-denominated sukuk program with a minimum subscription of $200,000. Sukuk, also called an Islamic bond, is a debt product issued in line with the principles of Islamic laws. The offering, open to eligible local and international investors, is expected to be facilitated through a
Saudi Arabia's Al Rajhi Bank is set to raise $1 billion with five-year sustainable Islamic bonds, a document from one of the banks arranging the deal showed on Wednesday.
The State Bank of Pakistan (SBP) is likely to raise the interest rate by 2 per cent at the ensuing meeting of the Monetary Policy Committee (MPC) in an attempt