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RIYADH: The Saudi Electricity Co. has redeemed the second tranche of its international Islamic sukuk, valued at $1.25 billion, which was listed on the London Stock Exchange.
The numbers of redeemed sukuk reached over 6,000, according to a bourse filing.
The sukuk will be delisted from the LSE as a result, and the impact of this transaction will be reflected in the financial statements for Q2 2022.
Saudi Arabia regains position as global leader in sukuk, Islamic financing: Bloomberg
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