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Al Salam Bank Leads $2.75B Sukuk for SRRE
Al Salam Bank announced the appointment of a co-CEO and the Director of the Underwriting Record for a $2.75 billion USD international sukuk issuance on behalf of the Saudi Refinance Housing Company. This is the largest sukuk issuance in the international sukuk category in the Gulf region in 2026. Subscription requests exceeded $18.7 billion USD, amounting to 6.8 times the size of the offering. This reflects the Kingdom's approach to deepen and diversify funding sources for key sectors such as real estate finance. The move comes within the context of ongoing momentum in Gulf capital markets and the government entities' utilization of international markets to diversify funding sources and support Saudi economic growth.
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