Saudi CMA approves IPO of Al Rajhi Banking Corp’s debt instruments

by gulftimes


Fri, 2022-10-21 13:26

RIYADH: Al Rajhi Banking and Investment Corporation has had the public offering of up to SR10 billion ($2.67 billion) of debt instruments approved by Saudi Arabia’s Capital Market Authority.

The firm now has six months to conclude the offering of the first issue of the debt instruments, or the CMA will take back its approval.

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