(MENAFN) Real Estate Ezdan Holding Group posted a net profit of USD 160.82mn for Q1 of 2016, up 12 percent compared to USD 143.39mn posted last year.
Moreover, the group is working to issue USD 2bn Sukuk, in addition to its goal to launch an array of real estate, hospitality and shopping mall projects.
The Group is on the right way towards reaching its target success, which succeeded to set the growth pace of its financial results.
In addition, it also decided this year to expand its funding sources in order to enter the global markets through the issiance of USD 2bn Sukuk.
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