Dec. 31 (Bloomberg) -- Saudi Hollandi Bank, partly owned by ABN Amro Holding NV, raised 775 million riyals ($206 million) as part of its plan to increase capital by selling Islamic bonds. The bank received shareholder approval in November to raise 1.5 billion riyals selling Islamic bonds, known as Sukuk. The 10-year sukuk will pay 2 percent above the Saudi interbank offered rate biannually, with the option to buyback the bonds in five years, the bank said in a statement issued on the Saudi bourse website yesterday.
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