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UAE's The First Group eyes expansion after $135m sukuk deal

Shuaa Capital on Thursday announced the issuance and placement of a $135 million dollar-denominated five-year sukuk for The First Group (TFG), a UAE-based property and hospitality developer. Shuaa, which has recently completed a merger with Abu Dhabi Financial Group, acted as the sole arranger andunderwriter for the sukuk which is…

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