Qatar’s Ezdan Holding to boost $2 bln via sukuk

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Qatar’s Ezdan Holding stated on Tuesday it acquired shareholder approval to boost $2 billion by means of the issuance of sukuk.

 

An actual property developer based by members of the ruling al-Thani household, Ezdan might concern in dollars or in different currencies and the providing might be by means of one or a collection of Islamic bonds, it stated in a bourse submitting.

 

The developer didn’t elaborate on the tenure or timeframe of the sukuk difficulty.

 

In October, it was introduced the agency had raised $500 million by way of a sharia-compliant mortgage of 5 years period.

 

The publish Qatar’s Ezdan Holding to boost $2 bln via sukuk appeared first on Gulf Retail.

Supply: Press Launch

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