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Capital Markets Authority approves Bank Riyadh debt issuance
The Saudi Capital Market Authority announced its approval of Riyad Bank's request to register and issue debt instruments worth up to 10 billion riyals through a public offering, as part of a debt instrument program. The offering prospectus will be distributed before the start of the subscription and will contain important information for investors, with an emphasis on the need to study the content carefully due to associated risks. The approval remains valid for six months, and if the offering is not completed within that period, the approval will be canceled.
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