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Dubai’s Damac Picks Banks For Potential Sukuk Issue

Dubai’s Damac Picks Banks For Potential Sukuk Issue

The Dubai developer has appointed Barclays, Citigroup, and Deutsche Bank as joint global co-ordinators.

Dubai developer Damac Real Estate will meet investors in Singapore, the United Arab Emirates and London from March 28 for a potential offering of a dollar-denominated sukuk, Thomson Reuters service IFR reported on Thursday.

London-listed Damac has appointed Barclays, Citigroup, and Deutsche Bank as joint global co-ordinators, as well as joint lead managers with Abu Dhabi Islamic Bank

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