Nakheel raises $1 billion for Islamic finance venture

06/19/2008 | Zawya.com (Dubai, United Arab Emirates)

Nakheel plans to raise $1 billion for housing and infrastructure projects via an initial public offering of two real estate investment trusts. The move by the Dubai government-owned property developer is an unusual step into Islamic finance and comes after price growth in the region.

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Zawya.com (Dubai, United Arab Emirates)

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