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sukuk bonds

PEC proposes launching of Sukuk bonds for dam investment

6 days ago
ISLAMABAD: Pakistani engineers' professional body, the Pakistan Engineering Council (PEC) has advised the government to launch 'Diamer-Bhasha Dam public limited company’ and launch the company's shares in the market for public subscription…

Saudi Arabia starts marketing dollar sukuk, targets $2 billion

1 month, 6 days ago
DUBAI: Saudi Arabia has started marketing a US dollar-denominated sukuk, or Islamic bond with the issue expected to be around $2 billion in size, a document showed on Wednesday. It would be the kingdom’s second international sale of…

Saudi Arabia raises $4.53 bln in oversubscribed bond issue

1 year, 2 months ago
RIYADH: Saudi Arabia has raised $4.53 billion from a local Islamic bond issue that was three times oversubscribed, it said Tuesday as it battles a budget deficit caused by low oil revenues.  The finance ministry said orders exceeded 52…