Saudi Politics Blamed as Market Asks Where Did All the Sukuk Go? - Bloomberg Business:
"When King Salman started Saudi Arabia’s biggest political shakeup in at least a decade, the fate of sukuk sales was probably the last thing on his mind.
Saudi companies have yet to market a single security in 2015, making it the country’s quietest start for Islamic sales in nine years, according to data compiled by Bloomberg. King Salman has reorganized his cabinet, removed princes from government roles, merged ministries and realigned succession since ascending to the throne in January.
“You’re not going to commit to large-scale spending unless you’re confident the government’s policies will continue,” Emad Mostaque, who travels regularly to Saudi Arabia as a strategist at emerging markets consultancy company Ecstrat Ltd. in London, said by e-mail on May 22. “You had a complete overhaul of the political process, realignment of ministries. There have been a lot of changes. You need some stability before you start looking at sukuk-type issuance.”"
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