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Saudi Arabia’s Rawasi Albina Investment Co. has sold 50 million riyals ($13.3 million) worth of sukuk at a profit rate of 10.25%, the first in a series of riyal denominated sukuk programme worth a total SAR 500 million.
Alkhair Capital was the sole arranger and dealer of the senior, unsecured issuance which was nearly 500% covered.
(Writing by Brinda Darasha; editing by Daniel Luiz)
