| GIB Capital, acting as joint lead manager and joint book runner with Riyad Capital, has successfully closed Ajil Financial Services company's privately placed 500 million Saudi riyals ($133.3m) sukuk, issued through 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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