Monday, 23 September 2019 02:36 GMT
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Dubai: DAMAC seeks US dollar-denominated Islamic bonds issue




(MENAFN) Dubai's real estate developer DAMAC Properties is seeking a deal that involves an issue of US dollar-denominated Islamic bonds.

The developer has reportedly been holding meetings with banks over a new issue, however, the talks are still at their first phases.

"We are continuously in talks with many bodies on funding possibilities and options," DAMAC's spokesman stated.

The spokesman continued "we always keep all options open. When financing decisions are made we make appropriate announcements."

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Dubai: DAMAC seeks US dollar-denominated Islamic bonds issue

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