19.05.2010 - Golden Belt Sukuk holders approve dissolution
From Epifinancial.net: Twenty five per cent of the Sukuk holders voted to dissolve the trust after the unit defaulted by failing to pay periodic distribution amount in November last year. Citicorp, a trustee for $650 million Sukuk sold by a unit of Saad Group, said that it does not intend to dissolve the trust until Saad Group indemnifies for the services it performed for Golden Belt trust..........................................Full Article: Source
Print