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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Sharjah to raise capital for tourism

Posted on 10 November 2009

From Gulfnews.com: Sharjah Investment and Development Authority (SIDA) has started talks with banks to raise capital through an Islamic sukuk to invest in tourism projects worth Dh10 billion, a top official said.

“Yes, we have started talks with banks to raise capital for the development of tourism projects in the emirate of Sharjah,” Marwan J. Al Sarkal, chief executive of SIDA, which is known as Shurooq in Arabic, told Gulf News here on Monday………………………….Full Article: Source

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