Issuance of Maskan Bank’s term deposit certificate with an interest rate of 18%

According to the report of financial news, quoted by Maskan Bank – Hibna, the publication of a special one-month general investment term deposit certificate with an interest rate of 18% annually was placed on the agenda of Maskan Bank.

These certificates of deposit are named and are published electronically in units of one billion Riyals.

Based on this, the said certificate will be sold with an annual redemption interest rate of 10% from December 16.

It should be noted that the special one-month general investment fixed deposit certificate issued on November 16 of this year will be converted into a new certificate under the mentioned conditions. The operation of selling and replacing bonds is done through the new system of Maskan Bank branches.