02.05.2012 - Gulf IPO markets recovers as investor confidence returns
GCC sukuk market continued to flourish with Saudi Arabia leading issuances for the first time and overtaking the UAE in Q1, 2012. The $4bn sukuk issuance by the General Authority of Civil Aviation was the first sovereign issuance in Saudi Arabia followed by a number of corporate sukuk issuances in the country. Despite falling behind in the league tables, the UAE witnessed a number of sukuk issuances with Majid Al Futtaim raising $400mn, Emirates Islamic Bank and First Gulf Bank, both raising $500mn amongst the notable issuances in Q1 2012...............................................Full Article: Source
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