Middle East Economic Survey
VOL. XLVII
No 25
21-June-2004
UAE
CAPITAL MARKETS
Record $750mn Sukuk To Fund Dubai Airport Expansion
Dubais Department of Civil Aviation (DCA) announced on 12 June that it had mandated Dubai Islamic Bank (DIB) to lead manage, arrange and act as bookrunner for its inaugural issue of $750mn worth of Ijara sukuk (Islamic leasing bonds). This issue, which will be used to fund a major part of the second phase of Dubai International Airports expansion, supersedes Qatars 2003...
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