Wednesday 4 June 2014

Saudi businesses getting sukuk fever

Saudi companies are increasingly interested in sukuk for funding as it allows them to borrow cheaply, and helps them to diversify away from bank finance, the traditional method of raising funds, says a 2 June report by Arab News

The report names Al Othaim Real Estate and Investment Company as next to debut a sukuk transaction in a list of Saudi companies which have recently launched sukuk.