NCB is seeking to raise $1bln through the perpetual Islamic bonds
The amount of the issue and number of Sukuk will be determined as per market conditions
Saudi Arabia has been transforming into an innovative fintech hub that is built on a strong ecosystem
The potential offer aims is to strengthen the bank’s capital base
Bank seeks to enhance tier 1 capital; issuance value still to be fixed
A leading asset manager specialising in shari'a-compliant investments and financial services, Alkhabeer Capital pointed out that the assets value boost was aimed at carrying out key regional acquisitions
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