DIFC Investments to make payment on sukuk

Commits to make profit distribution on $1.25bn Islamic bond

DIFC Investments, part of the group which operates Dubai's tax-free business hub, said its unit will make a periodic profit distribution on its $1.25 billion Islamic bond on time, a statement said on Wednesday.

The amount to be repaid for the three month period from June 14 to Sept 13 by Dubai Sukuk Centre is $2.88 million, a statement posted on Nasdaq Dubai exchange said.

DIFC Investments has a debt pile of more than $3 billion.

In a note earlier in August, JP Morgan Securities said the government of Dubai may write off its $1 billion loan to the state-owned entity in exchange for shares and infuse additional capital of up to $600 million to help the struggling group restructure its debt.

Print
  • Twitter
  • submit to reddit
comments powered by Disqus

News

Crime

Cinema listing January 15 to January 21

Prayer Time

  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 05:19 06:39 12:37 15:57 18:26 19:56
Find the best properties for sale & rent in the UAE
Available on the App StoreAndroid app on Google PlayGet it at BlackBerry App World

Most Popular on Emirates 24|7

Latest jobs available

More jobs on Emirates 24|7

Poll

Which perk would you want from your UAE employer?

In Case You Missed It ...

eSuggestion eComplain eComplain eSuggestion

Follow
Emirates 24|7

Follow
Emirates 24|7
Pinterest Facebook Facebook Twitter RSS

Your Feedback

Are you satisfied with your browsing experience?

Prayer Time

  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 05:19 06:39 12:37 15:57 18:26 19:56
  • Abu Dhabi 05:23 06:43 12:41 16:01 18:30 20:00
  • Al Ain 05:17 06:37 12:35 15:55 18:24 19:54
  • Ras Al Khaimah 05:15 06:35 12:33 15:53 18:22 19:52
  • Fujairah 05:13 06:33 12:31 15:51 18:20 19:50
  • Sharjah 05:19 06:39 12:37 15:57 18:26 19:56
  • Ajman 05:19 06:39 12:37 15:57 18:26 19:56
  • Um Al Quwain 05:19 06:39 12:37 15:57 18:26 19:56