Arab Finance: Five Egyptian firms are planning to issue sukuk worth up to EGP 10 billion, Head of the Central Department for Corporate Finance at the Financial Regulatory Authority (FRA) Sayed Abdel Fadeel told Asharq Business.
The companies, including Contact, Tasaheel, Rawasy, and GB Capital, are currently in talks with the FRA to issue sukuk in 2024, Abdel Fadeel noted.