{"id":13753,"date":"2019-10-11T12:36:32","date_gmt":"2019-10-11T12:36:32","guid":{"rendered":"https:\/\/onplan.ae\/aldar-properties-arm-appoints-banks-for-us-dollar-sukuk-issue\/"},"modified":"2019-10-11T12:36:32","modified_gmt":"2019-10-11T12:36:32","slug":"aldar-properties-arm-appoints-banks-for-us-dollar-sukuk-issue","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/aldar-properties-arm-appoints-banks-for-us-dollar-sukuk-issue\/","title":{"rendered":"Aldar Properties\u2019 arm appoints banks for US dollar sukuk issue"},"content":{"rendered":"<div>\n<p><strong>Abu Dhabi \u2013 Mubasher:<\/strong> Aldar Investment Properties, a wholly-owned subsidiary of the leading Abu Dhabi-based developer <a href=\"https:\/\/english.mubasher.info\/markets\/ADX\/stocks\/ALDAR\">Aldar Properties<\/a>, has appointed a group of banks to arrange investor meetings ahead of a planned US dollar-denominated sukuk or Islamic bonds, Reuters reported, citing a document issued by one of the banks.<\/p>\n<p>The group of banks includes Dubai Islamic Bank (DIB), First Abu Dhabi Bank (FAB), HSBC, and Standard Chartered, according to the London-based news agency.<\/p>\n<p>The document noted that the company plans to sell sukuk with a 10-year maturity and a benchmark size of not less than $500 million.<\/p>\n<p>On 1 October, Aldar Properties announced it <a href=\"https:\/\/english.mubasher.info\/news\/3537745\/Aldar-Properties-pledges-AED-36m-to-Sandooq-Al-Watan\">contributed an amount<\/a> of AED 36 million to the UAE\u2019s national fund Sandooq Al Watan, bringing its total contributions in the fund to AED 120 million.<\/p>\n<p>In the second quarter of 2019, Aldar <a href=\"https:\/\/english.mubasher.info\/news\/3516633\/Aldar-Properties-Q2-profits-up-7-\">had recorded<\/a> a net profit of AED 476 million, versus AED 445 million in Q2-18.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<div>\n<p><strong>Abu Dhabi \u2013 Mubasher:<\/strong> Aldar Investment Properties, a wholly-owned subsidiary of the leading Abu Dhabi-based developer <a href=\"https:\/\/english.mubasher.info\/markets\/ADX\/stocks\/ALDAR\">Aldar Properties<\/a>, has appointed a group of banks to arrange investor meetings ahead of a planned US dollar-denominated sukuk or Islamic bonds, Reuters reported, citing a document issued by one of the banks.<\/p>\n<p>The group of banks includes Dubai Islamic Bank (DIB), First Abu Dhabi Bank (FAB), HSBC, and Standard Chartered, according to the London-based news agency.<\/p>\n<p>The document noted that the company plans to sell sukuk with a 10-year maturity and a benchmark size of not less than $500 million.<\/p>\n<p>On 1 October, Aldar Properties announced it <a href=\"https:\/\/english.mubasher.info\/news\/3537745\/Aldar-Properties-pledges-AED-36m-to-Sandooq-Al-Watan\">contributed an amount<\/a> of AED 36 million to the UAE\u2019s national fund Sandooq Al Watan, bringing its total contributions in the fund to AED 120 million.<\/p>\n<p>In the second quarter of 2019, Aldar <a href=\"https:\/\/english.mubasher.info\/news\/3516633\/Aldar-Properties-Q2-profits-up-7-\">had recorded<\/a> a net profit of AED 476 million, versus AED 445 million in Q2-18.<\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":13754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[938],"tags":[],"class_list":["post-13753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/13753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/comments?post=13753"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/13753\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/13754"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=13753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=13753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=13753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}