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أخبار الخليج
ASB Capital issues $500M first-class Sukuk for AlJazira
ASB Capital, a company specializing in asset management with a value of $9.3 billion, announced its role as co-lead manager and bookrunner for the issuance of additional Tier 1 sukuk for Bank Aljazira worth $500 million. The deal followed a subscription request exceeding $1.5 billion, with oversubscription of more than three times the amount issued, and achieved a profit rate of 6.5%. This issuance is part of the bank's strategy to prepare for redeeming its current sukuk, and it underscores investor confidence in the region’s capital markets and the deep liquidity available to Gulf issuers. The participation of ASB Capital marks a continuation of its efforts to strengthen its presence in the sukuk market and comes as part of a coalition that includes global and regional financial institutions.
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