GCC Sukuk Report by Rasameel Investment Bank

Sukuk issuances in April 2015 declined in terms of both value and number; by value decreased 84% y-o-y to USD0.7bn. For YTD April 2015 sukuk issuance by value declined 54% y-o-y to USD5.5bn, mainly driven by a sharp decline in sovereign issuances (-65%y-o-y),and drop incorporate (-51%y-o-y) and quasi sovereign issuances (-33% y-o-y).

Corporates comprised 53% of the total issuance value for YTD April 2015, followed by sovereign at 28% and quasi-sovereign issuances at 18%.

Bahrain was the largest issuer of sukuk by number of issuances (10) in GCC for YTD April 2015, followed by UAE (5) and Saudi Arabia (1)

Download Report: GCC Market Update (April 2015)