10.02.2011 - Albaraka cuts size of March sukuk
From Gulfnews.com: Albaraka Banking Group reduced the size of a March sukuk programme to $250 million (Dh918 million)-$300 million from the planned $500 million, Chief Executive Officer Adnan Ahmad Yousuf said. "We were programming to sell $500 million, but then we agreed to sell between $250 million and $300 million," Yousuf said in an interview in Damascus yesterday. "If there is demand, we will increase it." The bank also plans to issue a $100 million sukuk in Egypt at the end of the year, Yousuf said..............................................Full Article: Source
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