15.10.2012 - Banque Saudi Fransi gets approval for 2.5 bln Riyal Sukuk |
Banque Saudi Fransi (BSFR), partly owned by Credit Agricole SA, said it received approval from the Saudi central bank to issue as much 2.5 billion riyals ($667 million) in sukuk. The Islamic bonds will enhance the bank’s capital base and help expand its lending activities, the Riyadh-based lender said in a statement to the Saudi bourse website today. The maturity of the sukuk is no more than five years, it said...............................................Full Article: Source |