The General Assembly of Emaar Properties, held on Monday, approved the issuance of bonds or sukuk with a total value not exceeding $5 billion. This step is part of the company's strategy to attract capital for funding new projects and expanding its operations. The company's Board of Directors will be authorized to determine the details of the issuance, including the terms, volumes, and conditions for placing the securities on the market.
Emaar Properties approves $5 billion bond issuance
Emaar Properties' General Assembly has approved the issuance of up to $5 billion in bonds or sukuk. The move aims to raise capital for new projects and business expansion.