SAMA approves Banque Saudi Fransi’s $667m Islamic bond

According to an announcement by Bloomberg, Banque Saudi Fransi (BSFR) has been approved by the Saudi central bank to issue Islamic bonds worth SR2.5bn ($667m). The expected effects of the sukuk include enhancing the bank's capital base and expansion of ots lending activities.

Read more on: http://www.ameinfo.com/sama-approves-banque-saudi-fransis-667m-315206

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