02.05.2011 - Al-Rajhi Cement issue marks Jordan's entry into Sukuk market
The issuance by Al-Rajhi Cement Jordan of its debut Sukuk Al-Ijarah in late April 2011 opens up yet another new market for sukuk origination in the Middle East and North Africa (MENA) countries. The domestic JD85 million (about $119 million) corporate sukuk offering, while symbolically important and widely welcomed by the market, however betrays a dogged refusal by successive Jordanian governments of issuing a debut sovereign sukuk..............................................Full Article: Source
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