Qatar’s Ezdan Holding to raise $2 bln through sukuk

April 12, 2016 2:50 pm

Ezdan Holding. (Photo courtesy: Ezdan Holding Facebook)

Qatar’s Ezdan Holding said on Tuesday it received shareholder approval to raise $2 billion through the issuance of sukuk.

 

A real estate developer founded by members of the ruling al-Thani family, Ezdan could issue in dollars or in other currencies and the offering could be through one or a series of Islamic bonds, it said in a bourse filing.

 

The developer did not elaborate on the tenure or timeframe of the sukuk issue.

 

In October, it was announced the firm had raised $500 million through a sharia-compliant loan of five years duration.

 

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Reuters
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