UAE’s Majid Al Futtaim issues first corporate green Sukuk

Dubai: Majid Al Futtaim, the retail and real estate giant, launched the Middle East’s first corporate green Sukuk Wednesday morning, listed on the Nasdaq stock exchange in Dubai and valued at $600 million (Dh2.20 billion). A Sukuk is similar to a Sharia-compliant bond. Alain Bejjani, the company’s chief executive, rang the opening bell at 10am […]