Al Baraka banking group wants to issue $200 million in sukuk bonds for Al Baraka Turkey

Bahrain-based Al Baraka banking group, which operates in 15 countries including Turkey, Syria, Tunisia and Egypt, wants to increase the group's profits by 15 percent in 2012 and issue $200 million in sukuk bonds for Al Baraka Turkey, the bank's Turkey arm. "We...

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Al Baraka banking group wants to issue $200 million in sukuk bonds for Al Baraka Turkey



bne - 06.03.2012

Bahrain-based Al Baraka banking group, which operates in 15 countries including Turkey, Syria, Tunisia and Egypt, wants to increase the group's profits by 15 percent in 2012 and issue $200 million in sukuk bonds for Al Baraka Turkey, the bank's Turkey arm.

"We expect this year's profits to be even better than last year's and foresee a 15 percent increase," said Al Baraka's Chief Executive Officer Adnan Ahmed Yousif in an interview with Reuters.

Source: bne


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