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Amer Group considers EGP 2B sukuk

Amer Group considers EGP 2B sukuk

ArabFinance: Amer Group Holding (AMER) is expected to issue EGP 2 billion worth of sukuk, sources told Al Borsa News.

The listed company is currently in talks with the Financial Regulatory Authority (FRA) to prepare the required documents to obtain its approval, according to the sources.

All documents are forecast to be submitted to the FRA in September, the sources said.

Sarwa Promotion and Masr Capital reportedly teamed up with Amer Group to prepare a preliminary study in order to issue sukuk.

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