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  • SAUDI ARABIA BREAKING NEWS

Abu Dhabi Royal - Owned Company Reviving Plans For Dollar Sukuk




PARIS, France - The Private Department of Sheikh Mohammed Bin Khalid Al-Nahyan LLC (PD) is reviving plans to sell U.S. dollar - denominated sukuk, bank documents showed on Monday.


PD, a relatively small real estate player in Abu Dhabi owned by members of its ruling family, last year pulled a $350 million sukuk after launch and ahead of pricing.


Abu Dhabi Commercial Bank, Citi, Dubai Islamic Bank, Emirates NBD, First Abu Dhabi Bank, HSBC, JP Morgan, Kamco Investment Company, KFC Capital, Mashreqbank and Warba Bank are arranging the planned sukuk sale.

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