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Saturday, Jul 19, 2025
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Arada Seeks $500 Million Islamic Bond Amid UAE Construction Surge

Arada Seeks $500 Million Islamic Bond Amid UAE Construction Surge

Sharjah-based developer eyes sukuk issuance to fund projects
UAE-based real estate developer Arada is planning to raise $500 million through a sukuk, or Islamic bond, to finance its ongoing construction projects.

The announcement comes amid a building boom across the Emirates, as developers race to meet rising demand in the residential and commercial sectors.
Translation:
•
أرادة تسعى لجمع 500 مليون دولار من السندات الإسلامية وسط ازدهار البناء في الإمارات (Arabic)
Translated by AI
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