Browse
related articles
Emaar Properties selects seven potential banks for sukuk
- United Arab Emirates: Wednesday, July 11 - 2012 at 12:01
Dubai's Emaar Properties has selected at least seven regional and international banks to arrange investor meetings in London ahead of a possible new Islamic bond issue, Reuters has reported. A sukuk issue under the company's $2bn sukuk programme may follow, subject to market conditions, arranging banks said. The builder of the world's tallest tower, Burj Khalifa, has mandated the banks for the meetings which are to take place on July 11, and only in London. Emaar, which saw sales of apartments plunge 85% last year, is gradually shifting its focus towards the more profitable hospitality and retail sectors. The company plans to focus on boosting revenues from its global operations and enhancing profit from recurring revenues, its chief executive Mohammed Alabbar said earlier this year.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
