02 Jun 2011
(MENAFN) Emirates Airline’s chairman and chief executive, Sheikh Ahmed bin Saeed Al Maktoum, stated that the company was able to successfully close its bond issuance worth USD1 billion, reported Arabian Business.
The bond issuance was very popular that it was increased to a billion, even though original plans were set at USD500 million. The bonds would mature after five years.
Sheikh Ahmed said that the popularity of the bonds is an indication to high investor confidence in the airline and its business model.
It is worth noting that the Dubai flag carrier’s profit in 2011 hit USD1.6 billion in the past fiscal year.
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more