Shaikh Ahmad Bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, rang the bell for listing Emirates airlines sukuk worth $1 billion (Dh3.67 billion) on NASDAQ Dubai on Wednesday morning.
Shaikh Ahmad told media: “Utilising the Islamic financing, sukuk, is to encourage Islamic economy and confirm our support to the initiative of Dubai becoming the world capital of Islamic economy.”
“The sukuk issued for multi-purposes, one of these is to finance the upcoming aircraft purchasing deals,” he added.
The sukuk issued by Emirates, one of the fastest growing global airlines, was sold successfully to investors in MENA, Europe, Asia, and some offshore US accounts.
Read more: http://www.zawya.com/story/Emirates_airlines_lists_sukuk_worth_1b-GN_20032013_210358/
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