PHOTO
Qatari investment company Estithmar Holding has set up a 3.4 billion riyal ($934 million) Shari’a compliant trust certificate programme for trust certificates to be issued by Estithmar Sukuk Limited LLC, a special purpose company (SPC) incorporated in the Qatar Financial Centre.
It is expected to be admitted to the London Stock Exchange’s International Securities Market (ISM), the holding company said in a regulatory filing on the Qatar Stock Exchange on Tuesday.
The programme was first approved by Estithmar's board in November 2022.
It has been rated qaBBB, with a stable outlook by Capital Intelligence Ratings Ltd (CI), it added.
(Writing by Brinda Darasha; editing by Bindu Rai)
