Mumtalakat Holding Plans for 7-Year USD Sukuk
Posted on 01/08/2020
Bahrain’s Mumtalakat Holding Company is planning a 7-year U.S. dollar-denominated sukuk. The sovereign wealth fund hired Citigroup (Citi), Gulf International Bank, HSBC Holdings plc, National Bank of Bahrain, and Standard Chartered (STAN.L) to help arrange the offering.
Mumtalakat Holding raised US$ 600 million in sukuk in 2019.