Monday, September 18, 2006

Qatar Real Estate Investment Company (QREIC) completes sukuk issue

"QNB, Al Islami announce closure of QREIC property project sukuk", Gulf Times, September 18, 2006

The QREIC will back the sukuk with two residential buildings leased to Qatar Petroleum. The $100 million issue is the first in a series of funding instruments issed by the QREIC. In all, the one completed and three other planned funding instruments will be worth a total of $270 million.

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