Arab National Bank hires banks for dollar sukuk, document shows

ANB hired HSBC, JPMorgan and Arab National Investment Company to arrange investor calls starting on Monday

  
A Saudi money changer counts U.S banknotes at a currency exchange shop in Riyadh, Saudi Arabia September 29, 2016. Image used for illustrative purpose.

A Saudi money changer counts U.S banknotes at a currency exchange shop in Riyadh, Saudi Arabia September 29, 2016. Image used for illustrative purpose.

REUTERS/Faisal Al Nasser

DUBAI - Saudi Arabian lender Arab National Bank has hired banks to arrange a potential issuance of U.S. dollar-denominated sukuk, or Islamic bonds, it said in a stock exchange filing on Monday.

ANB hired HSBC, JPMorgan and Arab National Investment Company to arrange investor calls starting on Monday.

"The amount and terms of offer of the sukuk will be determined subject to the market conditions," ANB said in the filing.

(Reporting by Yousef Saba; Editing by Edmund Blair) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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