| GIB Capital, acting as joint lead manager and joint bookrunner with Riyad Capital, has successfully closed Ajil Financial Services Company’s privately placed SAR 500 million ($133.3 million) Sukuk, issued via Ajil Cayman – a limited liability special-purpose company incorporated in the Cayman Islands.
The inaugural Sukuk has a three-year tenor with an amortising structure and pays a coupon of three-month SIBOR plus 80 basis points quarterly. The Sukuk was issued at par...............................................Full Article: Source
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