Saudi government will issue bonds next year backed by the Kingdom’s Ministry of Finance to fund construction work at airports in Riyadh and Jeddah, Finance Minister Ibrahim Alassaf said.
“The rest of the bonds for King Abdulaziz Airport in Jeddah and King Khaled Airport in Riyadh will be issued this (coming) year,” Alassaf said. The Kingdom’s General Authority for Civil Aviation (GACA) said in January it planned to issue a second sukuk, or Islamic bond, at the end of 2012 to help fund its SR27 billion ($7.2 billion) airport in Jeddah………………………………………..Full Article: Source