Major real estate company to offer EGP 2bn worth sukuk in Q1 2021: Sources
Published 03 Dec,2020 via Daily News Egypt - Informed sources revealed, in statements to Daily News Egypt, that a major real estate development company is looking to offer EGP 2bn worth sukuk by the end of the first quarter (Q1) of 2021.
The sources added that the appropriate formula for the offering is being considered, which is likely to be a trading formula.
They said that the real estate development company owns huge housing projects, and is eyeing the implementation of a new housing project in the New Administrative Capital (NAC). The company intends to finance the project through the issuance of sukuk.
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