26 February 2013

Egypt: Cabinet Endorses Sukuk Draft Law

Minister of Finance's Advisor Ahmed Al-Naggar said on Monday 25/2/2013 that the final endorsement of the Sukuk Islamic bonds bill, worked out by the government, will take place during the cabinet's meeting on Wednesday, prior to referring it to the Shura Council for discussion.

During the meeting of the Financial Affairs Committee which convened to discuss the draft law, al-Naggar added that the Sukuk is capable of luring additional foreign investments.

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