(MENAFN) GCC sovereigns financing will need almost USD275bn in the coming three years, while they will use debt financing.
However, work has been carried out by many governments over the past few years, especially by Kuwait and Saudi to set up the important frameworks.
On the liquidity decline in the GCC banking system, the ratings agency emphasized that the liquidity issue does not appear to have been a main factor in lower sukuk issuance.
Accordingly, some market participants see that the liquidity drop in Gulf nations, where the majority of sukuk investors are based, explains the lower issuance volumes.
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