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GACA

Saudi Civil Aviation body to print $4B sukuk

Saudi Civil Aviation body to print $4B sukuk

Saudi Arabia's General Authority for Civil Aviation (GACA) is set to print a 15 billion riyals ($4 billion) ten-year sukuk, its debut Islamic bond offering, a source familiar with the matter told Reuters on Monday.

January 16, 2012 12:41
 

Saudi Aviation Authority sets sukuk for Jeddah Airport

Saudi Arabia's General Authority for Civil Aviation (GACA) will issue a sukuk, or Islamic bond, within one or two months to help finance its new 27-billion-riyal ($7.2-billion) airport in Jeddah, its president said on Al Arabiya television channel.

December 11, 2011 6:22