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

Gulf International Bank sets guidance on Saudi bond

Posted on 06 November 2009

From Kuwaittimes.net: Bahrain-based Gulf International Bank, which is owned by six Gulf Arab states, will likely use the proceeds from its debut Saudi bond issue to shore up future liquidity requirements.
“The timing of the bond issue is important…we believe that the planned new regulations will require banks to fund medium and longer term assets with longer tenor liabilities,” said chief executive Yahya Alyahya, in a statement on GIB’s website……………………….Full Article: Source

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