KUWAIT, Aug 14 (KUNA) -- A report issued by the Kuwait Finance House (KFH)
said on Sunday that sukuk (financl certificates) issuance last July worldwide
amounted to about USD five billion, down from the previous month by 37
percent, where the Saudi riyal formed about 15 percent of those sukuk.
The report, issued by the (Baitek Research Co) of KFH said that the
sovereign sukuk topped issuances in July, including three versions of sukuk
for Saudi and Qatari companies.
It added that the sukuk market for companies in the GCC countries continued
to expand this year though the issuance of two local versions from Saudi
Arabia and an international sukuk from Qatar.
The report pointed out that despite the decline in monthly releases by 37
percent compared with last June, the main sukuk market continued its annual
increment by 133 percent in this month, thereby increasing the value of annual
releases to USD 52.1 billion. (end)
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