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FINANCIAL NEWS
Saudi to issue Islamic bonds to fund airport projects
01 Jan 2013
Saudi Finance Minister Ibrahim Alassaf said the government is eying bond issuance in order to fund construction at airports in Riyadh and Jeddah, reported Saudi Gazette.
This comes to confirm a previous statement for the General Authority for Civil Aviation (GACA) which had announced plans for an Islamic bond issuance, at the end of 2012 to help fund its airport in Jeddah.
It is worth mentioning that the country had taken upon itself multi billion infrastructure projects. The government had suffered from criticism over lack of proper infrastructure that was especially exposed at the times of bad weather and flood in the country.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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