Gulf firms plan Shariah-compliant REIT debuts
It seems that Arabian Gulf companies are arranging their first Shariah-compliant real-estate investment trusts.
The city-state’s Sabana Shariah Compliant Industrial REIT has advanced 2.2% to 94 Singapore cents since the shares reached a low of 92 cents on March 31.
Dubai' purpose is to list its REIT on the local exchange in less than a year, while two UAE companies plan offerings in Malaysia.
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