(This article appears courtesy of International Financial Law Review, sign up for a free trial here)
There can be little doubt that within the Middle East, banking and capital market transactions are now a well-accepted method of funding for both the commercial and retail sectors. International and domestic banks have spent the last few years busily arranging both domestic and international capital market transactions for both domestic and international investors.
As the market has developed, a frequent question has been when the first true securitization will occur in the region.
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