18.05.2011 - Al Baraka plans to sell $300mln Islamic bonds
Bahrain-based Al Baraka Banking Group plans to sell Islamic bonds, or sukuk, worth $300 million (Dh1.1 billion) as early as September in a bid to tidy up its balance sheet, and is also targeting a 15 per cent jump in profit this year as it attracts new customers, the firm's president and chief executive said. "We plan to issue $300 million sukuk in September, let's say during the end of the third quarter and the early part of the fourth quarter," Adnan Yousuf said..............................................Full Article: Source
Print