15.06.2009 - Trustee seeks clarity from Saudi's Saad on sukuk
From Reuters: The trustee of a $650 million Islamic bond, or sukuk, issued by Saudi's Saad group said on Sunday it had requested clarity from the troubled group over the bond's status. Citicorp Trustee Company Ltd said in a note to holders of the Golden Belt 1 Sukuk Company, a special purpose vehicle registered in Bahrain, that it had requested Saad to provide it with funds to secure against liabilities.........Full Article: Source
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