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NIOC Will Issue Manfa’ah Sukuk to Fund Projects

NIOC Will Issue Manfa’ah Sukuk to Fund Projects NIOC Will Issue Manfa’ah Sukuk to Fund Projects

Head of the National Iranian Oil Company said it will issue Islamic debt security Manfa’ah sukuk on the stock market by early next month. Ali Kardor was quoted as saying by state TV that the measure is intended to help NIOC fund its development projects and has been devised in collaboration with the stock exchange. He did not elaborate on how much sukuk the company is about to issue.

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