Apr 15 2012
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AJIL Financial Services Company Issues SAR 500 million Sukuk via GIB Capital and Riyad Capital
The Sukuk is issued by AJIL Cayman, a limited liability special purpose company incorporated in the Cayman Islands. The sukukholders will also benefit from a purchase undertaking issued by Gulf International Bank B.S.C. and Riyad Bank, the first time such a credit enhanced structure has been employed in the Saudi domestic capital markets.
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