GCC companies lead early sukuk moves in 2024
- Date: 17-Jan-2024
- Source: AGBI
- Sector:Financial Markets
- Country:Saudi Arabia
GCC companies lead early sukuk moves in 2024
Saudi Arabia’s largest healthcare provider has announced plans to issue a riyal-denominated sukuk as analysts predict that $170 billion of the sharia-compliant bonds will be issued this year. Middle East Healthcare Company, the parent of Saudi German Health, said in a filing to the Saudi Stock Exchange that the offering size would be determined later, […]
Bond from Saudi German Health parent
Offering size to be determined later
$170bn issuance forecast for 2024
Saudi Arabia’s largest healthcare provider has announced plans to issue a riyal-denominated sukuk as analysts predict that $170 billion of the sharia-compliant bonds will be issued this year.
Middle East Healthcare Company, the parent of Saudi German Health, said in a filing to the Saudi Stock Exchange that the offering size would be determined later, subject to market conditions.
On Monday the company published a prospectus for a sukuk sale worth SAR1.5 billion ($400 million) after gaining approval from regulators last month.
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