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Arabian Centres approves $1bn sukuk

Arabian Centres approves $1bn sukuk
The sukuk may be offered through various single or multiple issuances
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Riyadh – Mubasher: Arabian Centres Company’s shareholders have approved the issuance of Sharia-compliant Sukuk worth up to $1 billion, during the extraordinary general meeting (EGM) on Monday.

The Sukuk may be offered through various single or multiple issuances domestically and/or internationally in any currency, according to the company’s statement to the Saudi Stock Exchange (Tadawul).