Banque Saudi Fransi, the kingdom’s fifth biggest bank by market capitalization, plans to issue its first dollar-denominated Islamic bond, or sukuk, depending on market conditions, and has picked banks to arrange investor meetings.
The lender has picked Citi, Deutsche Bank and Credit Agricole to arrange global roadshows starting in the Saudi capital Riyadh on May 7, the banks said………………………………………..Full Article: Source