Arab Finance: The first Egyptian issuance of sovereign sukuk won the “Best Sovereign Sukuk Issuance” award in 2023 from the GFC institution, Ministry of Finance stated on June 12th.
The award was received by Head of the Public Debt Management Unit at the Ministry of Finance Mohamed Hegazy, on behalf of finance minister Mohamed Maait.
Egypt issued its first sukuk on February 21st and it was oversubscribed by more than 4x at a value of around $6.1 billion.