Dubai Investments, a diversified holding company with stakes in more than 30 companies, plans to launch an Islamic bond worth up to Dh1 billion ($272 million), its chief executive said on Monday. The bond sale proceeds will be used to finance expansion and pay liabilities, CEO Khalid bin Kalban said. Dubai Investments, which has interests in real estate, manufacturing and financial services, said it plans to exit investments valued at as much as Dh530 million this year and is considering investments in Tunisia and Libya.
DI planning Dh1b sukuk
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