The Standard & Poor's S&P Corporation for Credit Rating expects that the size of Sukuk and bond issuance in the Gulf Cooperation Council region will grow strongly this year. >
According to Al Bayan, yesterday, S&P issued a special report on the capital market issues in the region in 2019, in which it stated that the volume of these issues witnessed some slowdown during The first quarter of the year, mainly due to the fluctuations in global capital markets.
He stated that the total volume of Sukuk and bond issuances during the first quarter of 2019 amounted to about $ 1.1 billion, as it was mainly generated by two issuances.
The report suggested that this situation will witness a tremendous change during the coming days and months, which would jump in the size of these publications in the region and give them strong growth. The report also stressed that the outlook for companies and institutions in the Gulf Cooperation Council countries in general is broadly stable, especially as it has strong support, represented by stable sovereign ratings, and appropriate interest rates.
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