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Islamic Finance Briefing - Categorized | Investment, Market Moves more

Singapore to draw Islamic investments with Sabana, HSBC says

Posted on 29 November 2010

From Bloomberg: Singapore will attract more Islamic investments from the Middle East following the share sale of Sabana Shari’ah Compliant Industrial REIT, the world’s largest Islamic property trust, HSBC Holdings Plc said.

Sabana raised as much as S$664.4 million ($503 million) in the sale. The 458 million shares offered, which exclude reserved stock or those for key investors, were 2.5 times subscribed, the trust said in a statement……………………………………Full Article: Source

 
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