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Islamic Finance Briefing - Categorized | Emerging Trends, Finance more

Billionaire seeks Sukuk for Istanbul finance hub

Posted on 05 March 2013

Agaoglu Group, a Turkish company with interests in the building industry, energy and tourism, plans to raise $2 billion in Islamic debt to finance the construction of Istanbul’s financial district.
The company hired investment bank Aktif Bank to manage the sale in April, Agaoglu Chairman Ali Agaoglu said in an interview yesterday in Dubai, where he opened an office to lure Persian Gulf wealth to Turkey’s construction industry. The fundraising would also include Murabaha facilities, he said………………………………………..Full Article: Source

 
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