Saudi Electricity Co. (SEC) Islamic bonds returned 67 percent more than Gulf corporate sukuk, buoyed by a scarcity of Shariah-compliant securities in Saudi Arabia and demand for investment-grade debt.
Islamic bond sales in Saudi Arabia rose to a record this year as demand outstrips supply. Sukuk offerings jumped to about $8.3 billion, or about 47 percent of the GCC’s total issuance this year. Overall sales of Islamic debt in the Gulf increased to $17.7 billion this year from $3.8 billion in the year-earlier period………………………………………..Full Article: Source