Gulf's bond and sukuk markets set to grow after slow start | ZAWYA MENA Edition:
Bond and sukuk issuance by corporate entities in the Gulf Cooperation Council (GCC) is likely to pick up in 2019 after a slow start to the year when global capital markets were weighed by uncertainty, according to ratings agency S&P Global.
In a note published on Monday, the agency said that there had been "visibly lower issuances by GCC corporates" in the first three months of the year, with issuance to date standing at $1.1 billion.
Some $500 million of this was raised via a debut sukuk from Saudi food and beverage firm Almarai Company, and the remaining $600 million was issued by Bahrain's sovereign wealth fund, Mumtalakat.
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