Egypt's FRA anticipates EGP 10bn Sukuk demand in 2024, with Golden Coast Hotels planning a green Sukuk program worth EGP 7bn.
Egypt's Financial Regulatory Authority (FRA) expects a high demand of EGP 10bn for Sukuk, or Islamic bonds, in 2024 due to FRA's recent approval of unrated Sukuk issuances. Golden Coast Hotels, a subsidiary of Golden Pyramids Plaza, plans to issue a green Sukuk program worth EGP 7bn, making it the first green Sukuk issuer in Egypt.
March 03, 2024
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