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Saudi sukuk seen doubling in 2011

Posted on 25 October 2010

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

 
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