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IFN Investor

QIIB’s Sukuk approved

QATAR: QIIB has announced in a bourse filing that it has received the approval of the UK’s Financial Conduct Authority (FCA) for its trust certificate issuance program amounting to US$2 billion. The program is expected to be admitted to the official lists of the FCA and the London Stock Exchange in the next few days. The program has been assigned a provisional rating of ‘A2’ by Moody’s Investors Service Cyprus and is also expected to be rated ‘A’ by Fitch....

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