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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Property, Projects, Infrastructure more

Developers keep bonds on hold in deflated market

Posted on 26 August 2011

The UAE’s developers and contractors may struggle to tap the bond market until a glut of homes that’s weighing on prices is sold off.
Arabtec Holding, the country’s biggest construction company, mall-developer Majid Al Futtaim Group and Abu Dhabi’s Tourism Development and Investment Co. were forced to delay plans to issue bonds……………………………………….Full Article: Source

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