| Conglomerate Dubai Investments may look to raise up to 1 billion dirhams ($272.3 million) in 2012 through sale of a sukuk, or Islamic bond, to finance the expansion of its manufacturing units and repay debt.
The company, in which emirate's sovereign wealth fund Investment Corporation of Dubai (ICD) owns an 11.5-percent stake, is already in talks with an Italian lender for a $200 million loan and a sukuk issue will only be considered if the loan deal does not go through, Chief Executive Khalid bin Kalban told reporters on Wednesday...............................................Full Article: Source |