Egyptian Parliament’s committee concludes changes to sovereign Sukuk Act

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Cairo

The Egyptian parliament’s economic committee completed the amendments to the sovereign sukuk law that determines the framework under which the country will issue sovereign sukuk, Al Mal News reported on February 9th.

The amendments include changing the referral to the special purpose vehicle, which issues sukuk certificates, to become Sovereign Sukuk Company. The changes also include setting a description of the issuance process, with a term not exceeding 30 years.—Zawya News

 

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