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Project Islamic bond market seen growing in Saudi Arabia

Project Islamic bond market seen growing in Saudi Arabia

Project Islamic bonds are expected to pick up steam in Saudi Arabia with the launch of the first project sukuk this month.


September 27, 2011 2:52 by

“Corporates are getting more educated about the process and are beginning to appreciate the benefits of diversifying their sources of financing,” said Faisal Rehman, co-head of corporate and investment banking for Saudi Arabia at Deutsche Securities.

“The regulatory process is becoming a well-trodden path, investors are getting more familiar with debt capital market instruments, it’s just a phase of development that Saudi Arabia has firmly embarked on.” (By Shaheen Pasha; Additional reporting by Reem Shamseddine in Manama and David French in Dubai; Editing by Firouz Sedarat)

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