26.08.2010 - IDB's finance for its project's growth
From Ffog.net: The Islamic Development Bank, a Saudi Arabia-based multilateral lender bank, which has 56 member countries including Egypt, Saudi Arabia and Turkey, is financing up to $8 billion of projects in 2010, said Vice President Al Hinai. The proceeds from the sukuk will be used to mostly finance infrastructure development of $3 billion to $3.5 billion, projects that "are highly needed for the growth of our member countries," he said. The sukuk are rated AAA by Standard & Poor's, according to a statement issued by the bank today. Of course that is a very good thing to hear about them..............................................Full Article: Source
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