Qatar's Ezdan Holding said on Tuesday it received shareholder approval to raise $2 billion through the issuance of sukuk.
A real estate developer founded by members of the ruling Al-Thani family, Ezdan could issue in dollars or in other currencies and the offering could be through one or a series of Islamic bonds, it said in a bourse filing.
The developer did not elaborate on the tenure or timeframe of the sukuk issue.
In October, it was announced the firm had raised $500 million through a sharia-compliant loan of five years duration. - Reuters
Ezdan Holding gets nod for $2bn sukuk
Ezdan Mall ... an Ezdan Holding project.
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