PHOTO
UAE-based Union Properties’ (UPP) has announced that the board of directors approved the issuance of AED 500 million ($136mln) Sukuk.
The board authorised the executive administration to complete regulatory procedures for the potential Islamic bond issue, according to a statement to Dubai Financial Market.
Also, the board approved to elect Ahmed Yousef Khouri as the firm’s managing director.
© 2018 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
