DUBAI, 19 November 2007 -- Thani Investments, a private company with business interests in mining, gold, and property (including Dubai Golf City) yesterday announced the successful closure of the $100 million Musharaka Sukuk Issue, arranged by UAE Emirates Islamic Bank and Liquidity Management Center BSC, Bahrain (the joint lead mandated arrangers). With this issuance, Thani Investments becomes one of the first privately-owned businesses in the GCC to issue a sukuk. "Thani Investments is delighted with the response that this debut sukuk issue has received," said Abdulla Saeed Al-Thani, chairman, Thani Investments. "As one of the first private companies in the region to issue a sukuk, we are proud to once again be leaders in our field.
The success of this debut issue demonstrates the market's confidence in Thani Investment's business model and success to date, and we are confident that the team will continue to deliver sound results across our business divisions. The team effort of both Emirates Islamic Bank and Liquidity Management Center was integral to the successful close of this issue, and we look forward to working with them in the future."
© Arab News 2007
