Emaar Properties appoints banks to issue dollar sukuk

Dubai Financial Market-listed Emaar Properties has announced the appointment of a group of banks to arrange calls with investors ahead of a possible partial offering of dollar sukuk.

The company stated in a statement to the Dubai Financial Market today, that it has assigned Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq Bank, and Standard Chartered Bank, as lead managers and bookkeepers, to arrange calls with international investors, in addition to calls With fixed income investors, either individually or with a group of them;

As of June 28, 2021.

The company clarified that, according to market conditions, this may be followed by a partial offering of unsecured first-class sukuks, in accordance with Regulation (S), for a period of 10 years, as part of the company's programs to issue two billion dollars in credit certificates.

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