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FINANCIAL NEWS
UAE- Majid al Futtaim eyes sukuk issuance
25 Jan 2012
(MENAFN) Top managers at Majid al Futtaim stated that the company planned meetings with investors aiming to explore potential sukuk issuance, reported Emirates 24/7.
Meetings with investors would take place by the end of January and would include three major commercial banks, in a bid to raise between USD350 million and USD500 million.
The managers added that the company is planning to utilize the demand of sharia-compliant assets amid ongoing global risk aversion.
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