SUKUKS: Lagoon City set to lead surge in sukuks
A roadshow was staged in Bahrain on 4 December for a $125 million sukuk issue by Kuwait's Al-Ahlia Investment Company to fund the Lagoon City portion of the Al-Khiran Pearl City development. A pipeline of sukuks is building up for the new year and bankers expect that a significant increase in the number of corporate issues, as well as structural innovation, will be major trends in 2007.
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