Act now to raise funds, leading Dubai finance chief urges

A leading Dubai finance chief yesterday urged companies to take advantage of favourable market conditions to raise capital before liquidity dries up.

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Sheikh Ahmed bin Saeed Al Maktoum, the chairman of Dubai's Supreme Fiscal Committee, said it was a good time to tap the market as recent debt issuances had shown.
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"When there is liquidity in the market at a good price then everybody should take advantage of that and go to the market before it dries up," he told reporters in Dubai. Sheikh Ahmed said the demand for Dubai's recent sukuk sale was impressive.
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Global investors seeking attractive yields have helped to push demand for Arabian Gulf corporate and sovereign bonds higher as some Dubai government-related companies seek to take advantage of the trend by issuing credit.
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Read more: http://www.thenational.ae/thenationalconversation/industry-insights/finance/act-now-to-raise-funds-leading-dubai-finance-chief-urges#ixzz2K5fOsNAy