From Arabnews.com: Saudi firms are likely to launch 10 Islamic bonds, or sukuks, in 2011, more than double their number this year, but they will be dominated by private placements, a specialist at Saudi Hollandi Bank (SHB) said on Monday.
“The market confidence is coming back … We should probably see two or three (sukuk issues) every quarter over the next year … 10 more issues coming in 2011,” Haroon Nisar, senior manager for Islamic banking at SHB, told Reuters Middle East Summit in Riyadh……………………………………….Full Article: Source