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Jabal Omar plans sukuk issue

25/06/2009 10:00:00 PM GMT

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(flickr.com) Jabal Omar Development said its shareholders have approved issuing Islamic bonds.

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Saudi developer Jabal Omar Development said its shareholders have approved issuing Islamic bonds after the firm faced problems in raising a multi-billion dollar financing for its sole project.

The company made the announcement on the Saudi bourse web site without providing further details.

Source: ameinfo

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Sukuk.me is a global provider of Sukuk information and Sukuk market data.