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RIYADH: The UAE is launching an Islamic treasury sukuk, often known as T-sukuk, with a benchmark public sale measurement of 1.1 billion dirhams ($299.5 million) because it eyes growing an area forex bond market.
Issued by the Ministry of Finance in collaboration with the Central Financial institution of the UAE, the dirham-denominated T-sukuk will assist the emirate diversify its financing assets and strengthen the native monetary and banking business, the Emirates Information Company, WAM, reported.
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