Al Rajhi Bank Malaysia, a unit of the world’s biggest Islamic bank, may sell its first ringgit-denominated syariah-compliant bonds to fund expansion, a company official said.
“We have a committee that evaluates all funding options and definitely, I would say sukuk is a serious option,” Mudassir Amray, Al Rajhi Bank Malaysia’s head of wholesale banking in Kuala Lumpur, said in an interview yesterday. “If we issue the sukuk, it will be the first for Al Rajhi Group. And yes, it will be a benchmark size offering.”……………………………………….Full Article: Source