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1557224962222946900
Tue, 2019-05-07 10:04
DUBAI: Majid Al Futtaim, a UAE-based developer and shopping mall operator, is set to raise between $500 million and $650 million in “green” sukuk, or Islamic bonds, a document by one of the banks leading the deal showed on Tuesday.
The proceeds of the sukuk, which will be priced later on Tuesday, will back environmentally-friendly projects in areas such as renewable energy and sustainable water management, according to an earlier document drawn up by the lead bank.
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