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Shurooq, Eagle Hills unveil concepts for AED 2.7 billion of new Sharjah real estate projects

January 16, 2018 Comments Off on Shurooq, Eagle Hills unveil concepts for AED 2.7 billion of new Sharjah real estate projects 15,021

New 2018 Sharjah real estate projects announced

His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, today unveiled three ground-breaking real estate projects to be developed in Sharjah. Worth a total of AED 2.7 billion (US$ 734m), the trio of projects are the result of a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, an Abu ...

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Sharjah Islamic Bank issues AED 266.8 million convertible sukuk

January 3, 2018 Comments Off on Sharjah Islamic Bank issues AED 266.8 million convertible sukuk 10,156

Sharjah Islamic Bank (SIB) has issued a AED 266.8 million (US$ 73m) convertible sukuk equivalent to 10 percent of the bank’s share capital According to a statement from the bank, the sukuk has been converted into ordinary shares in the name of Sharjah Social Security Fund (SSSF), an entity established by royal decree in November 2017 to manage government pensions ...

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