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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory, Market Moves more

Saad’s sukuk holders asked to vote on dissolution

Posted on 26 August 2009

From Reuters: Holders of a $650 million Islamic bond issued by a unit of troubled Saudi firm Saad have been asked to vote on dissolving the sukuk, trustee Citi said on Tuesday.

Citi said a “dissolution event” had taken place, triggering the bondholder vote………….Full Article: Source

 
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