Saudi's Al-Jazira Bank plans Islamic bond sale
Saudi's Al-Jazira Bank plans to issue a local currency-denominated Islamic bond to boost its capital and expansion plans. Al-Jazira did not specify the size of the Sukuk or when it plans to launch the issue but said that the local units of Hong Kong Shanghai Banking Corporation (HSBC) and J.P. Morgan Chase & Company will be managing the bond sale.
Syndicate
