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Thursday, April 18, 2024 16:37 GMT
Egypt is targeting US$1.5-US$2.5 billion from the issuance of its first sovereign Sukuk, finance minister Mohamed Maait told Reuters on Wednesday.The timing of the issuance will depend on market conditions, and will be handled by either a public or private entity, Mait added. Mait's deputy Ahmed Kouchouck, however, told reporters on Wednesday that the issuance is planned for this fiscal year.