11.11.2010 - Sabana plans Singapore IPO to be world’s biggest Islamic REIT
From Bloomberg: Sabana Real Estate Investment Trust said it plans to raise as much as S$554.4 million ($430 million) in an initial share sale to create the world’s biggest Shariah- compliant property trust by assets. Sabana will sell 504 million shares at between S$1 and S$1.10 each in the city-state’s first Shariah-compliant trust to tap rising demand for Islamic financial products, according to a filing with the Monetary Authority of Singapore yesterday..............................................Full Article: Source
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