In a new achievement to be added to its list of prominent successes, Sharjah Investment and Development Authority (Shurooq) has announced that its CEO Marwan Jassim Al Sarkal has received the ‘Middle East CEO of the Year Award’ by the prestigious Burj CEO Awards. Bestowed recently during a ceremony held in Washington DC, USA, the Burj CEO Awards are international ...

Tilal Properties, a joint venture between Sharjah Asset Management and Eskan Real Estate Development, has revealed details of Tilal Mall, the central retail and entertainment complex of the AED 2.4 billion (US$ 653m) Tilal City. According to the developer, the new mall will cover a gross area of about 2 million square meters (21.5 million sq. ft.), making it Sharjah’s ...

Sharjah Islamic Bank (SIB) has issued an unsecured US$ 500 million (AED 1.8b) 5-year sukuk, according to a statement from the bank. The bank’s fifth Islamic bond was oversubscribed by more than three times booking orders totalling about US$ 1.6 billion (AED 5.9b). In a year that has, so far, seen sukuk issuances drop slightly, the new issue confirms the continuing ...