Saudi Gazette - SABB plans sukuk sale to bolster its capital:
"Saudi British Bank (SABB), an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its capital base, two banking sources aware of the matter said on Monday.
HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position, the sources said, declining to be identified as the matter is not public.
SABB's total capital ratio - combining core Tier 1 and supplementary Tier 2 capital - was one of the lowest among banks in the Kingdom at the end of June, at 14.78 percent."
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