Home UAE Dubai UAE’s DAMAC says unit raises $100m via sukuk certificates The certificates, rated BB by Standard & Poors, were issued by its unit Damac Real Estate Development Ltd by Reuters September 22, 2015 Dubai’s DAMAC Properties said on Tuesday that it raised $100m through private placement of 18-month sukuk certificates. The certificates, rated BB by Standard & Poors, were issued by its unit Damac Real Estate Development Ltd, it said in a bourse statement. Emirates NBD was the sole lead manager for the transaction. 0 Comments