Thursday, 02 December 2021 06:10 GMT

Emirates to raise AED 4bln through Islamic bond sale

(MENAFN) Chairman of Dubai-based airline Emirates Ahmed bin Saeed Al Maktoum said that the world's largest airline by international passengers plans to raise AED 4 billion through an Islamic bond sale, Mubasher reported.

Sukuk issuance will improve the group's plans and operations, Al Maktoum who doubles as chairman of the Dubai Civil Aviation Authority added.

The UAE carrier's financial results for the current fiscal year ended March 2018 are better as compared with the prior fiscal year, he noted.

Based in Dubai, Emirates airline is a subsidiary of The Emirates Group, which is wholly owned by the government of Dubai's Investment Corporation of Dubai. It is the largest airline in the Middle East, operating over 3,600 flights per week from its hub at Dubai International Airport, to more than 140 cities in 81 countries across six continents.


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