DIFC sets out on sukuk roadshow

DIFC sets out on sukuk roadshow

Published: October 28, 2014

UAE financial freezone could issue first dollar sukuk after meeting investors.

The Dubai International Financial Centre (DIFC), a financial freezone home to more than 1,100 companies, could issue its first dollar-denominated sukuk to finance further development of its infrastructure.

The centre has mandated Dubai Islamic Bank, Emirates NBD Capital, Noor Bank and Standard Chartered Bank to run a series of investor meetings in the Middle East, Asia and Europe ahead of a possible deal.

The roadshow will visit Singapore on Thursday October 30, Hong Kong on October 31, the United Arab Emirates on November 2 and finish in London on November 3.