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Saudi GACA hires 3 banks for sukuk issue
(MENAFN) Saudi Arabia's General Authority of Civil Aviation (GACA), has hired 3 banks for sukuk issue, reported Times of Oman.
The three banks are HSBC Holdings, National Commercial Bank's investment banking unit and Standard Chartered.
GACA announced last year it has plans to issue a second tranche to fund airport expansion in the Saudi capital, Riyadh.
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