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

Etisalat eyes sukuk

Posted on 14 October 2010

From Reuters: UAE’s telecoms operator Etisalat is in talks with banks to raise financing for its planned 46-percent stake acquisition in Kuwait’s Zain and is considering an Islamic bond, bank loans or both, a top official was quoted as saying on Wednesday.
Abu Dhabi-based Etisalat, which is 60 percent state-owned, will not receive financing from the Abu Dhabi government, its Chief Financial Officer Salem Ali Al Sharhan said in remarks carried by Al Bayan newspaper……………………………………….Full Article: Source

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