Emirates REIT plans to refinance $400m sukuk – Arabian Business

Emirates REIT plans to refinance $400m sukuk – Arabian Business

Emirates REIT plans to refinance $400m sukuk due to mature next month.

Emirates REIT is a sharia-compliant real estate investment trust based in Dubai and faced opposition to the refinancing last year.

Now, however, Emirates REIT has received support from an ad hoc group of eligible certificate holders comprised of institutional investors. The group has stated that certificate holders have confirmed their support to date hold more than 30% of the