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Al-Jazira Bank plans to issue dollar sukuk to strengthen capital
Al Jazira Bank announced its intention to issue additional Tier 1 capital sukuk in U.S. dollars, aimed at strengthening the capital base and meeting the bank's funding needs. The issuance will be conducted through a special purpose vehicle and will involve qualified investors both within and outside the Kingdom, with the value and terms to be determined later in accordance with market conditions. This announcement is made based on the approval of the Board of Directors and the appointment of a group of international and regional financial institutions to manage the offering.
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