Arab Energy Fund prices $500mln 5-year sukuk as demand tops $900mln

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The Arab Energy Fund (TAEF) has priced its $500 million, five-year senior unsecured sukuk at a profit rate of 4.686% on strong investor demand. ZAWYA.com, a part of London Stock Exchange Group, is a leading source of regional news and intelligence, serving millions of professionals from the UAE, Saudi Arabia, Egypt, and the rest of MENA. The website has both English and Arabic versions. ZAWYA offers the latest news and analysis from regional and global markets throughout the day. News on equities, commodities, and currencies is updated on a real-time basis.