Unlisted agricultural company in Egypt to issue sukuk in January 2021
Published 29 Nov,2020 via Daily News Egypt - An unlisted agricultural reclamation company is preparing required documents to issue sukuk in 2021, according to Sayed Abdel-Fadil, Head of Central Administration for Corporate Finance at the Financial Regulatory Authority (FRA).
Abdel-Fadil added that the company is expected to complete its papers and submit a formal request to the authority to implement the offering during January 2021.
He said that the agricultural reclamation company is not listed on the Egyptian Exchange (EGX), which he considered a positive indicator. He noted that it reflects how far awareness has spread on the culture of financing through the sukuk mechanism, and is not limited only to large, listed companies.
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