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Bank Riyad gains debt issuance approval
The Saudi Capital Market Authority has approved Riyad Bank's request to register and issue debt instruments worth up to 10 billion Riyals under a general issuance program. A prospectus will be published prior to the start of the subscription period to provide investors with the necessary information; failure to review it may expose them to risks, so it is advised to carefully study its details or consult a financial advisor. The approval remains valid for six months and will be revoked if the issuance and listing are not completed within this period.
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