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Shuaa Capital finalises placing Sukuk for LSE-listed First Group

Shuaa Capital finalises placing Sukuk for LSE-listed First Group
The Sukuk is expected to reflect profitably on Shuaa’s Q3 financials
Shuaa
SHUAA
0.40% 1.00 0.00

Dubai- Mubasher: Shuaa Capital announced that it has successfully acted as the sole arranger to place $135 million worth of sukuk for the First Group on the London Stock Exchange (LSE).

Shuaa collaborated with local, regional, and international institutions, in addition to other competent investors to place the sukuk, according to the company’s bourse filing to the Dubai Financial Market (DFM) on Wednesday.

The newly placed Sukuk is expected to reflect profitably on Shuaa’s income statements of the third quarter this year