Saudi will issue sukuk as soon as market conditions allow- DMO chief | ZAWYA MENA Edition

Saudi will issue sukuk as soon as market conditions allow- DMO chief | ZAWYA MENA Edition:

"Saudi Arabia is committed to the sukuk market and will issue Islamic bonds as soon as market conditions allow, Fahad al-Saif, president of Saudi Arabia's debt management office (DMO) said on Monday. Speaking at a sukuk conference at the London Stock Exchange al-Saif also said Saudi Arabia had a ratio of 65 percent to 35 percent for local to international issuance, plus or minus 10 percent. "We want to ensure we don't oversupply a particular market," he said. "We want to develop the local market but don't want to crowd out the banks.""



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