5.35 PM Friday, 29 March 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:56 06:10 12:26 15:53 18:37 19:52
29 March 2024

MAF Group eyes 5-year sukuk

Published
By Reuters

Dubai's Majid Al Futtaim plans to issue a five-year dollar-denominated Islamic bond, or sukuk, with early profit rate indications at no more than six per cent, a source with knowledge of the deal said on Sunday.

MAF is holding investor meetings in the UAE on Sunday, followed by London and Kuala Lumpur on Monday.