March 29, 2017 / 1:10 PM / 4 months ago

BRIEF-Saudi British Bank to issue subordinated SAR sukuk of upto 1.5 bln riayls

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March 29 (Reuters) - Saudi British Bank Sjsc

* Announces intention to issue subordinated sukuk denominated in saudi riyal inside Kingdom of Saudi Arabia

* To issue subordinated domestic sukuk denominated in Saudi riyals in a total amount not exceeding 1.5 billion riyals

* Expects issuance will occur in Q2, 2017

* Sukuk issue to help bank strengthen capital base, support bank's regulatory capital, sharia compliant activities and products Source text for Eikon: Further company coverage:

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