Jordan allows Al-Rajhi Group to issue sukkuk

05 October 2010

The Saudi group is building two glass and steel factories

Saudi Arabia’s Al-Rajhi Group has received the necessary approval from the Jordanian government to issue sukuk to finance its projects in the kingdom, Jordan Times has reported. The group previously asked the government to work on procedures for issuing sukuk to enable it to finance the establishment of two glass and steel factories based on Shari’ah principles.

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