Tuesday, 20 March 2012

gulfnews : Sukuk studied to fund Emirates Glass expansion

Dubai Investments is negotiating with investors and financial institutions to fund a second phase of the Mussafah manufacturing unit of Emirates Float Glass which was officially inaugurated yesterday.
Khalid Bin Kalban, Managing Director and Chief Executive Officer of Dubai Investments, said his company is also exploring a sukuk to fund the expansion.
Sultan Bin Saeed Al Mansouri, Minister of Economy, officially inaugurated the upgraded Emirates Float Glass (EFG) factory, a subsidiary of Glass, which is wholly-owned by Dubai Investments, at the Abu Dhabi Industrial City in Mussafah.

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