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Amlak seeks $1.6bn
- United Arab Emirates: Saturday, December 15 - 2007 at 07:45
Dubai based shariah compliant mortgage provider Amlak Finance is aiming to raise around $1.6bn next year to support its regional expansion, reported Reuters. Chairman Nasser Al Sheikh said the cash could be raised via sukuk or covered bonds, while it will sell $75m worth of shares in a Jordanian affiliate early next year. The firm has delayed the sale of $260m of sukuk due to the global credit crunch.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 15 - 2007 at 07:45 UAE local time (GMT+4)
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