07.07.2011 - Al Hilal bank plans Islamic bond issue in 2011 or 2012
Abu Dhabi-based Al Hilal Bank sees double-digit growth in 2011 profits driven by its retail and corporate businesses, its chief executive said. The lender may tap debt markets this year or next, and is considering launching a sukuk - Islamic bond - and will seek a corporate rating before the sale, CEO Mohamed Berro said in an interview on Wednesday. "Our retail and corporate side are growing well. Healthy, double-digit growth in 2011 is sustainable," Berro said..............................................Full Article: Source
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