MAF to distribute $500m in sukuk 2 May

MAF to distribute $500m in sukuk 2 May
One of City Centre's branches owned by Al Futtaim Group (Photo Credit: Company Website)

Dubai – Mubasher: MAF Sukuk Limited announced on Tuesday, 2 May, the payment of its periodic distribution of $500 million worth of trust certificates, according to a statement to Nasdaq Dubai.

The certificates are due November 2025.

Profit will be distributed on 3 May 2017 to the holders of sukuk for the period from 3 November 2016 to 3 May 2017.

Distribution will be at the profit rate of 4.50% for the total amount of $500 million for the period.

Source: Mubasher