Sukuk attracts cash-rich banks
Wednesday, Aug 26, 2009With debt markets gingerly reopening, Gulf companies eager to raise cash through issuing bonds have to make a decision: should they issue conventional or Islamic bonds, known as sukuk?The SR7bn ($1.9bn) sukuk issued by Saudi Electricity Company, the kingdom's state power utility, this summer could be a useful indicator.Investors flocked to it, rewarding the company with a pr
Read full article on FT.com
Under a new agreement with the Financial Times, you will be redirected to their site for all stories that are seven days old. However, you will continue to receive breaking news and stories from the Financial Times on our platform.
© Copyright Zawya. All Rights Reserved.