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

Saudi developer Jabal Omar plans big sukuk issue

Posted on 22 June 2009

From Tradearabia.com: Jabal Omar Development Company said its shareholders have allowed it to issue Islamic bonds after the Saudi developer faced problems in raising a multi-billion dollar financing for its sole project.

Jabal made the announcement on the Saudi stock exchange website on Saturday after a shareholders’ assembly on Wednesday. It did not elaborate………Full Article: Source

 
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