Mubarak bin Abdallah Al-Khafra

SHB issues 4th SR-denominated sukuk

SAUDI Hollandi Bank had emitted a sukuk in value of SR1.4 billion ($373.3 million) with a maturity period of seven years, but it can be redeemed by issuer already after the end of the fifth year. The aim of the issuance is mainly focused on developing the Islamic business of the bank by following prudent asset management strategy and assets-liabilities mix and maintaining a sufficient capital buffer.

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