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Saudi issues USD1.87bn in new Islamic bond issue
(MENAFN) Saudi Arabia has raided USD1.87bn in a new Islamic bond issue as it bids to finance a budget deficit resulting from low oil prices.
In addition, the first two issues were made in April and July and were worth USD13.5bn.
Furthermore, the kingdom has predicted a budget deficit of USD53bn in the recent year, down from 2016 shortfall.
In addition, the first two issues were made in April and July and were worth USD13.5bn.
Furthermore, the kingdom has predicted a budget deficit of USD53bn in the recent year, down from 2016 shortfall.
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