09.08.2010 - Sukuk defaults turn spotlight on governance process
From Arabnews.com: The recent notification by Kuwait's International Investment Group (IIG) KSCC that it was not in a position to make the periodic , once again turns the spotlight on the governance process, relating to especially unrated sukuk in the GCC (Gulf Cooperation Council) countries. In fact this is the second time IIG has defaulted in meeting its obligations to its sukuk certificate holders..............................................Full Article: Source
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