Dubai's Tamweel picks banks for roadshows
Source: BI-ME with Reuters , Author: Posted by BI-ME staff
Posted: Mon June 18, 2012 8:46 am

UAE. Dubai-based Islamic mortgage lender Tamweel has picked banks to arrange investor meetings in Asia, Europe and the Middle East ahead of a possible dollar-denominated Islamic bond, or sukuk, arrangers said on Monday.

Tamweel, a unit of Dubai Islamic Bank, has mandated Abu Dhabi Commercial Bank, UBS and Emirates NBD to arrange roadshows, which begin on June 19 in Abu Dhabi and end in London on June 25.

Any eventual sukuk issue will be backed by properties and receivables located in Dubai, arranging banks said. It will be listed on the Irish Stock Exchange.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 28, 2016
UAE. 51% of all Dubai hotels in mid-market segment versus 89% in New York; PwC research released at ATM 2016 touts construction figure of US$80k per room as incentive for developers looking for solid returns in high demand segment.
date:Posted: April 27, 2016
UAE. Residential values drop 2.2% in Q1 2016; Strongest quarterly decrease in five years and the seventh consecutive quarterly decline, according to Cluttons.
date:Posted: April 27, 2016
SAUDI ARABIA. Although this represents positive news, the key will be the materialization of infrastructure projects and utilizing white lands to reverse the recent slowdown.
dhgate