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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Saudi plans Sukuk to fund $7bln Jeddah airport

Posted on 12 December 2011

Prince Fahd bin Abdullah Saudi Arabia’s General Authority for Civil Aviation (Gaca) will issue a sukuk, or Islamic bond, within one or two months to help finance its new SR27 billion ($7.2 billion) airport in Jeddah, its president said on Al Arabiya television channel.
‘We have agreed with the finance ministry to issue a sukuk which will be paid back by revenue from the Civil Aviation Authority, and it will be issued soon… I believe within a month or two,’ said Prince Fahd bin Abdullah………………………………………..Full Article: Source

 
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