Dubai Investments, a holding company with interests in real estate, manufacturing and financial services, is preparing to launch an Islamic bond worth up to Dh1 billion ($272.5 million), its chief executive said on Monday.
The sukuk, which comes amid a period of high demand and a flurry of bond sales in the region, is to be launched by the end of April in the name of Dubai Investments Park, a major real estate development Dubai Investments owns on Dubai’s outskirts, Khalid Bin Kalban said. The proceeds will be used for expansion and to repay existing liabilities…………………………………….Full Article: Source