Middle East Economic Survey
Dubai Investments To Launch $100Mn Sukuk Issue
Dubai Investments (DI) plans to launch a Dh367mn ($100mn) Sukuk issue before the end of 2004 in order to finance the expansion of the sixth and seventh phases of the Dubai Investment Park. The mandate for the Sukuk was awarded to Emirates Financial Services (EFS). DIs shareholders agreed on 8 November to change the face value of the companys shares from Dh5 ($1.36) to Dh1...