Monday, Apr 23, 2012
DUBAI(Zawya Dow Jones)--Emaar Properties PJSC's (EMAAR.DFM) chairman said Monday the company has no funding needs at present, but may have as it launches new projects.
"It's part of our business that we launch new projects in Dubai and overseas; we do residential, commercial and hospitality and there are many opportunities for us this year and next year," Mohamed Alabbar said.
He added the company doesn't need to issue a new sukuk now, but would offer one should a project require it.
"I don't think we need to, but if there is a need, there is a project that is worth it, we will talk about it, but for the time being no, our position is solid," he said.
-By Tahani Karrar-Lewsley, Dow Jones Newswires; +9714 446-1692; Tahani.Karrar@dowjones.com
(END) Dow Jones Newswires
23-04-12 1437GMT
