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Saudi-based IDB eyes $5 bln sukuk issues

Posted on 03 February 2010

From Forexyard.com: The Saudi-based Islamic Development Bank plans to issue Islamic bonds, or sukuk, worth a total of $5 billion over this year and the four following years, its president said on Tuesday.

“We hope that we can mobilise $1 billion every year beginning in 2010 and for a period of five years,” IDB President Ahmed Mohamed Ali said……………………………………Full Article: Source

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