UAE's SCA mulls issuing sukuk soon: CEO

The sukuk which will be issued soon

  
Image used for illustrative purpose. Traders monitor stock information at Dubai Financial Market, in Dubai, United Arab Emirates, June 5, 2017.

Image used for illustrative purpose. Traders monitor stock information at Dubai Financial Market, in Dubai, United Arab Emirates, June 5, 2017.

REUTERS/Stringer
Abu Dhabi – Mubasher: Securities & Commodities Authority (SCA) has started discussions with one of domestic institutions to offer and issue sukuk at a value of AED 10 and AED 20 during the coming period.

These sukuk will contribute to attract more investments, in addition to financing projects, SCA’s CEO Obaid Al Zaabi said.

The sukuk which will be issued soon are expected to be issued and listed on Nasdaq Dubai, or one of the local stock exchanges.

Source: Mubasher

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