Saudi civil aviation authority mulls sukuk issue
The first tranche of the sukuk would be worth $1.20 billion.
January 12, 2011 4:09 by Reuters
Saudi Arabia’s civil aviation authority is eyeing sale of Islamic bonds, or sukEk, in several tranches to finance a modernisation of the kingdom’s airports, its top executive said on Wednesday.
The first tranche of the sukuk would be worth 4.5 billion riyals ($1.20 billion), Abdullah al-Rahimi told Al Arabiya television.
(Reporting by Marwa Rashad; Editing by Dinesh Nair)
Lately on Kipp
-
Dubai ruler makes horse doping illegal
-
CEO-elect of UAE’s fraud-hit RAKBANK has quit
-
Over 90% of passwords vulnerable to hacking
-
‘Renewable energy absolutely necessary’ – Saudi
-
NEC Display Solutions launches Full HD 3D ready compact meeting room projector
-
Saudi Arabia confirms another death from SARS-like virus
