Launch Partners

Tuesday, June 18, 2024

Launch Partners

Al Rajhi Bank’s US$1 billion sustainable Sukuk facility receives orderbook worth over US$3.75 billion

SAUDI ARABIA: Al Rajhi Bank has closed its inaugural US dollar-denominated Sukuk offering priced at US$1 billion with an orderbook that peaked over US$3.75 billion, said a press release. The five-year Islamic paper carries a profit rate of 4.75% per annum.

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