FINANCIAL NEWS

Dubai’s National Bonds eyes regional expansion

25 Aug 2010

(MENAFN) The Chief Executive Officer at National Bonds Corp., the UAE�s Shariah-compliant savings company, plans to expand to neighboring countries after selling $272 million of bonds this year, The National reported.

National Bonds is in talks with banks, money exchanges and financial institutions in other countries, the newspaper said, citing the CEO.

The Dubai-based company is also shifting focus from property investments because of poor performance, the newspaper reported.

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