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

Saudi Electricity sukuk to raise $1.9bln

Posted on 15 June 2009

From Gulf-daily-news.com: Saudi Electricity Company, the Gulf’s largest utility by market value, yesterday began a roadshow for its second Islamic bond issue which bankers expect will raise up to seven billion Saudi riyals ($1.87bn).

Bourse regulator the Capital Market Authority (CMA) said last week it had approved the issuance of the sukuk over the June 13-28 period. ……..Full Article: Source

 
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