Emirates REIT withdraws plan to offer new sukuk

article author:
Arab News
Author:
Mon, 2021-06-07 09:23

DUBAI: Emirates REIT has pulled a plan to exchange a $400 million sukuk for new paper, after failing to attract enough votes to push it through.
Equitativa, the manager of the real estate investment trust said in a statement that 57 percent of investors had voted in favor of its proposal, which fell short of the 75 percent needed.

Main category:
Business & Economy
Tags:
UAE
Emirates REIT
real estate

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