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

Saudi Electricity to raise $1.87bln through sukuk sale

Posted on 22 June 2009

Fom Gulfnews.com: Saudi Electricity Co, the state- controlled power producer, may raise as much as $1.87 billion (Dh6.86 billion) in the largest sale of Islamic bonds this year as the market for Sharia-compliant debt shows signs of revival.

The producer got regulatory approval from the Capital Market Authority to sell the five-year Islamic bonds, also known as sukuk, from June 13 to June 28………Full Article: Source

 
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