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Citi sees rise in Mideast Sukuks

Posted on 09 February 2011

Alberto VermeFrom Reuters: Citigroup expects an increase in Sukuk issuances in the Middle East this year and next as banks and companies seek to diversify their funding sources. It plans to beef up its operations in Qatar as the U.S. bank seeks to tap into the tiny Gulf Arab state’s rapid economic growth and immense wealth.
“Qatar is uniquely positioned with the amount of liquidity, to tap opportunities,” said Alberto Verme, Citi’s chief executive for Europe, the Middle East and Africa (EMEA)……………………………………….Full Article: Source

 
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