Gulf Investment Corp launches $164 million Sukuk
Kuwait-based Gulf Investment Corporation (GIC) has launched a 500 million ringgit (164 million US dollar) Sukuk issue in Malaysia as part of an existing funding program, one of a growing number of Middle East issuers to seek alternative sources of funding.
GIC, which was set up to drive private enterprise and economic growth in the Gulf region, had earlier established a 3.5 billion ringgit Sukuk program in the Southeast Asian country.
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