Wednesday 17 February 2010
Saudi seen leading sukuk issuance in 2010
Sukuk bond issuance in the Middle East will range between 10 and 15 in 2010, with demand mainly expected to come from Saudi Arabia, said Mohd Daud Bakar, managing director of Amanie Islamic Finance Consultancy and Education LLC.
Speaking at the Reuters Islamic Finance Summit in Dubai Wednesday, Bakar said Saudi Arabia will lead the sukuk pipeline this year as it funds infrastructure projects.
Bakar said the kingdom has the economy and population to support such projects. He added that his firm has two to three mandates for sukuk issues in 2010, mainly coming out of the kingdom.
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