Wed, Nov 26, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Sukuk can foster economic development in Saudi Arabia

Posted on 02 May 2012

Sukuk market will be spurred by the global economic turmoil, as global deleveraging leads to a reduction in global bank credit available for Saudi companies and projects; funds are needed and the government is correctly reluctant to provide it directly.
“Sukuk can foster economic development In Saudi Arabia. Companies start to turn to the Sukuk market to fill the funding gap. Although important progress has been made in Sukuk issuance, the active names have tended to be large companies - led by GACA, SABIC and Saudi Electricity Company - as cost considerations and illiquid secondary markets have deterred others,” said Richard Banks, Director of Euromoney Saudi Arabia Conference. ……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930