January 2009 "As part of the company's global growth strategy, Emaar Properties Emaar Properties has announced the setting up of a US$2 billion Euro Medium Term Note (EMTN) Programme and a simultaneous Sharia-compliant US$2 billion Sukuk Programme, already listed on the London Stock Exchange. "The two programmes that will remain the unsecured and unsubordinated obligation of Emaar Emaar will provide the company with the option and flexibility to tap into both the conventional and Islamic capital markets to raise finance competitively. " Emaar Emaar will raise capital under these securities as and when opportunities arise in the debt capital market and depending on Emaar Emaar 's cash requirements. "The listings reflect Emaar Emaar 's commitment to leverage the company's strong balance sheet, while offering easy access to international investors looking for opportunities in the Middle East region. "Emaar Finance Limited, a wholly-owned subsidiary of Emaar Properties Emaar Properties , will undertake the issuance of conventional notes under the EMTN Programme, while Emaar Emaar Sukuk Limited, a special purpose entity will undertake the issuance of the Trust Certificates under the Sukuk Programme. The EMTN Programme will be also submitted to the Annual General Meeting for approval." - Ends - © Press Release 2009 omar 1.1:zy
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