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


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.


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Supply: Press Launch