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
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