Saudi developer Al-Oula plans to sell Islamic bonds worth 3 billion riyals ($800 million) within two years to help finance projects both in the kingdom and in the region, its top executive said on Sunday.
"We have a sukuk issue programme which is expected to start within one to two years... with a first tranche of 3 billion riyals," Abdulaziz Al-Duailej told Reuters.

"We have mandated financial advisers to get us a rating ahead of the issue," he said on the sidelines of a real estate conference in Riyad