10.08.2009 - Saudi Arabian Islamic bond sales to rise

From Bloomberg: Sale of Islamic bonds, or sukuk, in Saudi Arabia will probably rise because companies need alternate funding sources as banks are reluctant to lend and the initial public-offering market is depressed, Jadwa Investment said. “Companies needing to raise finance have generally used a combination of bank loans and IPOs,” Jadwa said in a research report received by e-mail late yesterday..........Full Article: Source

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