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Sorouh to raise Dhs4bn from sukuk
- United Arab Emirates: Tuesday, July 15 - 2008 at 13:30
Abu Dhabi-based property developer Sorouh is planning to raise Dhs4bn ($1.1bn) by selling asset-backed securities that comply with Islamic law to finance infrastructure projects, reported Reuters. Sorouh will begin marketing the bonds 'over the next few weeks', the company said.
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Jeff Florian, Senior ReporterTuesday, July 15 - 2008 at 13:30 UAE local time (GMT+4)
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