15.11.2012 - Omani developer Tilal plans debut Islamic bond sale for mall
Tilal Development Company SAOC plans to raise 53 million rials ($138 million) in the first quarter in Omanís first corporate Islamic bond sale to fund a mall expansion in the Persian Gulf nation. The real estate company will use proceeds of the sale to expand the Muscat Grand Mall in the Omani capital, Tilal said in an e-mailed statement. Amanie Advisory House of Oman is advising on the issuance, it said. The sale will be the first for any company in the majority Muslim nation, according to data compiled by Bloomberg...............................................Full Article: Source
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