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FinancialNews


  • 25-01-12

    UAE- Majid al Futtaim eyes sukuk issuance

    (MENAFN) Top managers at Majid al Futtaim stated that the company planned meetings with investors aiming to explore potential sukuk issuance, reported Emirates 24/7. Meetings with investors would take place by the end of January and would include three major commercial banks, in a bid to raise between USD350 million and USD500 million. The managers added that the company is planning to utilize the demand of sharia-compliant assets amid ongoing global risk aversion.

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