Saudi Arabia plans Sukuk bonds market

Saudi Arabia plans Sukuk bonds market

riyadh

The Saudi stock market regulator has approved setting up a market for debt securities, it said on Saturday, responding to a long-standing demand by some firms to diversify sources of financing amid tight credit conditions.

The Capital Market Authority’s (CMA) decision is part of its "continunous and gradual effort to develop the Saudi capital market", it said in a statement posted on the bourse’s website.

The Saudi stock exchange – Tadawul – has already developed the market, which will trade bonds and sukuk Isamic bonds through licensed intermediaries, CMA said. The date of the market’s launch will be announced later, it added.

Tadawul currently trades Islamic bond issues by only two listed firms – Saudi Basic Industries Corp and Saudi Electricity. The government is a major shareholder in both firms.

Read the rest …

Advertisements

2 responses to “Saudi Arabia plans Sukuk bonds market

  1. Its such as you learn my thoughts! You seem to understand a
    lot approximately this,like you wrote the guide in it or something.

    I feel that you simpoly could do with some % to drive the
    message home a little bit, however other than that, thus
    is wonderful blog. A great read. I’ll definitely be back.

  2. Someone essentially assist to make sinificantly articles I might state.
    That is the very first time I frequented your web paghe and so far?
    I surprised with the research yoou made to create this
    particular pput up amazing. Magnificent job!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s