Agaoglu Group, one of Turkey’s largest construction and real estate companies, plans to issue US$2bn in sukuk, or Islamic bonds, to help with the financing of Istanbul’s international Financial Centre, the company’s president Ali Agaoglu said. “For Istanbul Financial Centre, only we will be issuing a sukuk of US$2bn starting by next month on a gradual basis in tranches with the first one for US$250m,” Agaoglu, who is ranked as Turkey’s tenth richest man by Forbes maga ine with a fortune of US$2.1bn, said in an interview with Arabian Business on Sunday.
Turkey's Agaoglu to launch $2bn in sukuk
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