(MENAFN) Saudi Arabia's Arab Petroleum Investments Corp (APICORP) has formerly assigned four banks as the dealers and arrangers of a USD3 billion Islamic finance (sukuk), Reuters reported.
Presently, the company is looking for an addition by issuing a request for an international Islamic fund, which will be the first foreign debt for Saudi in over a year.
The four banks chosen by APICORP are Standard Chartered, First Gulf Bank, NCB Capital and GIB Capital, according to resources with knowledge of the matter.
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