Article: lmc launches arepco sukuk road shows

lmc launches arepco sukuk road shows

Bahrain Based Liquidity Management Centre BSC(c) ("LMC"), the Mandated Lead Arranger and Emirates Islamic Bank, the Co-Arranger & Senior Lead Manager are pleased to announce the road show of Al Ahlia Real Estate Projects Company ("AREPCO") Equity Investment Sukuk Offering.

The Road Shows will commence in Doha, State of Qatar on October 28th and end in Dubai, United Arab of Emirates on November 8th 2007. The two year Sukuk is an Equity Investment Sukuk, with an 8% profit rate payable semi-annually.

The Sukuk is being issued to invest in and acquire up to 49% of the outstanding equity in AREPCO at a USD equivalent of KD 0.325 Fils per share. AREPCO is ...

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