APICORP launches $3b sukuk programme | GulfNews.com:
"The Arab Petroleum Investments Corporation (APICORP) said Monday it has established a $3 billion (Dh11 billion) sukuk programme to diversify its sources of funding and enhance links to global investors.
The programme marks a strategic step for APICORP, the investment company of the Organisation of the Arab Petroleum Exporting Countries, as it is set to become a regular issuer of sukuk in global markets, it said in a statement.
Chairman Abed al-Saadoun said the move “will allow APICORP to diversify its funding sources, reduce the overall cost of financing, extend the company’s debt maturity profile, and enhance our access to a diverse set of global investors.”"
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