20.10.2008 - Saudi developer Al-Oula to raise $800mn via sukuk
From Arabianbusiness.com: Saudi developer Al-Oula plans to sell Islamic bonds worth 3 billion riyals ($800 million) within two years to help finance projects both in the kingdom and in the region, its top executive said. "We have a sukuk issue programme which is expected to start within one to two years... with a first tranche of 3 billion riyals," Abdulaziz Al-Duailej said..... Full Article: Source
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