Algeria Set for Inaugural $2.3 Billion Sovereign Sukuk Issuance
PositiveFinancial Markets

Algeria is making a significant move by launching its first-ever sovereign sukuk issuance, aiming to raise 297 billion dinars, equivalent to $2.3 billion. This initiative is crucial as it seeks to address the country's widening budget deficit, showcasing Algeria's commitment to innovative financing solutions. The sukuk issuance not only reflects a growing trend in Islamic finance but also positions Algeria to attract more investment and stabilize its economy.
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