Arab Today, arab today tilal plans to raise ro53m via sukuk
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Tilal plans to raise RO53m via sukuk

Arab Today, arab today

Arab Today, arab today Tilal plans to raise RO53m via sukuk

Muscat - Arabstoday

Tilal Development Company, the Sultanate\'s leading real estate company that has been credited with the inception of the ground breaking Muscat Grand Mall project, announced its intention to raise RO53 million by way of Islamic debt instrument or sukuk, which will be the first such issue in Oman in order to put into motion plans for expansion of the complex that houses Muscat Grand Mall. Commenting on this announcement, Hassan Jaboub, general manager of Tilal Development Company said, \"These are very exciting times for us. The Muscat Grand Mall, our finest venture has seen unparalleled success and it is only natural for us to move forward the expansion way.\" Discussing the instrument, Jaboub commented, \"About 67,000 square metres of shopping area at Muscat Grand Mall is fully leased and already operational. Additionally, owing to demand and market interest in our project, the expansion was an effortless decision. Towards the same, we are also glad to be pioneering the sukuk market in Oman and hope that it will grow exponentially here from.\"Tilal Development Company is a special purpose vehicle (SPV) formed by Al Madina Group to execute real estate projects in the Sultanate. Since its inception, it has seen widespread success with regard to its commercial projects and residential ventures, building a strong reputation for itself within the development industry. Demand for retail space Owing to the heavy demand for retail space and the enormous response received from our Omani patrons, this growth has become crucial.        Home to an array of new brands which have secured their first presence  in Oman, the largest food court, a three screen cinema and more than 113 stores currently and aiming at 160 outlets shortly, it is no surprise that Muscat Grand Mall has become the lifestyle centre for residents in the Sultanate. The mechanics of this funding raised from the sukuk issue will be advised by Amanie Advisory House of Oman, a specialist financial advisory firm active globally in the field of Islamic Finance. It will play a significant role in the expansion. which has proved to be the youngest and most dynamic of shopping precincts and commercial and residential developments in the country. This announcement brings to sharp focus the phenomenal growth that Tilal Development Company has achieved in the past few years and provides a perspective for the way forward. Times Of Oman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tilal plans to raise ro53m via sukuk Arab Today, arab today tilal plans to raise ro53m via sukuk

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today tilal plans to raise ro53m via sukuk Arab Today, arab today tilal plans to raise ro53m via sukuk

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday