From Bloomberg: Saudi Arabia may overtake Malaysia as the largest issuer of Islamic bonds for the first time in 2011 as the kingdom’s 1.44 trillion-riyal ($384 billion) stimulus plan boosts spending.
Saudi Electricity Co., the Arab world’s largest utility by market value, will finance more than 30 billion riyals ($8 billion) of projects, Chief Executive Officer Ali Al-Barrak said in a Dec. 14 interview……………………………………….Full Article: Source