03.05.2010 - Gulf Holding says no cash crunch at Villamar sukuk
From Arabianbusiness.com: Gulf Holding Co sought to quash concerns of a possible liquidity crunch for the Villamar sukuk, or Islamic bond, saying it could both pay its next coupon and complete construction projects. The Gulf Holding statement came after its Residential South Real Estate unit, which issued the Villamar sukuk, said on Thursday cash reserves fell to 5.45 million Bahraini dinars ($14.5 million) at the end of 2009 from 42.3 million a year earlier.............................................Full Article: Source
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