Oct. 15 (Bloomberg) -- General Electric Co., the world's biggest provider of power-generation equipment and services, may sell sukuk in its first offering of Islamic bonds, according to data compiled by Bloomberg.

GE's General Electric Capital Corp. unit hired Citigroup Inc. and Goldman Sachs Group Inc. to arrange meetings with sukuk and traditional bond investors, according to two bankers with knowledge of the promotional tour for the debt. The bankers declined to be identified because the transaction is private.

GE Capital is meeting with Islamic investors as rising oil prices increase liquidity in the Middle East's crudep-roducing economies and the sukuk market shows signs of recovery. Crude oil in New York rose $1.50, or 2 percent, to $77.58 at 2:20 p.m. after reaching $77.97, a one-year high.

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