DOCSLIB.ORG

Base Prospectus

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Base Prospectus BASE PROSPECTUS EMAAR SUKUK LIMITED (incorporated as an exempted company in the Cayman Islands with limited liability) U.S.$2,000,000,000 Trust Certificate Issuance Programme Under the trust certificate issuance programme (the "Programme") described in this base prospectus (the "Base Prospectus"), Emaar Sukuk Limited (in its capacities as issuer and as trustee, as applicable, the "Trustee"), subject to compliance with all relevant laws, regulations and directives, may from time to time issue trust certificates (the "Trust Certificates") in any currency agreed between the Trustee and the relevant Dealer (as defined below). Trust Certificates may only be issued in registered form. The maximum aggregate face amount of all Trust Certificates from time to time outstanding under the Programme will not exceed U.S.$2,000,000,000 (or its equivalent in other currencies calculated as described in the Programme Agreement described herein), subject to increase as described herein. The Trust Certificates may be issued on a continuing basis to one or more of the Dealers specified under "General Description of the Programme" and any additional Dealer appointed under the Programme from time to time by the Trustee (each a "Dealer" and together the "Dealers"), which appointment may be for a specific issue or on an ongoing basis. References in this Base Prospectus to the "relevant Dealer" shall, in the case of an issue of Trust Certificates being (or intended to be) subscribed by more than one Dealer, be to all Dealers agreeing to subscribe such Trust Certificates. The Trust Certificates will be limited recourse obligations of the Trustee. An investment in Trust Certificates issued under the Programme involves certain risks. For a discussion of these risks, see "Risk Factors". Each Tranche (as defined herein) of Trust Certificates issued under the Programme will be constituted by (i) an amended and restated master trust deed (the "Master Trust Deed") dated 2 September 2019 entered into between the Trustee, Emaar Properties PJSC ("Emaar") and Citibank, N.A., London Branch as delegate of the Trustee (in such capacity, the "Delegate") and (ii) a supplemental trust deed (the "Supplemental Trust Deed") in relation to the relevant Tranche. Trust Certificates of each Series confer on the holders of the Trust Certificates from time to time (the "Certificateholders") the right to receive certain payments (as more particularly described herein) arising from the assets of a trust declared by the Trustee in relation to the relevant Series (the "Trust"). Such assets include, in particular, the right to receive the Deferred Sale Price (as defined herein) under a master murabaha agreement (the "Master Murabaha Agreement") dated 2 September 2019 entered into between the Trustee (in such capacity, the "Seller") and Emaar (in such capacity, the "Buyer") and the rights, title, interest and benefit, present and future, of the Trustee in, to and under the Lease Assets (as defined herein) of the relevant Series (the "Relevant Lease Assets") as set out in (i) an amended and restated master lease agreement (the "Master Lease Agreement") dated 2 September 2019 entered into between the Trustee and Emaar (in its capacity as lessee, the "Lessee") and (ii) a supplemental lease agreement (as may from time to time be replaced in accordance with the provisions of the Sale Undertaking, the Purchase Undertaking and/or the Substitution and Sale of Additional Assets Undertaking (each as defined herein), the "Supplemental Lease Agreement") for the relevant Series (such assets being referred to as the "Trust Assets" for the relevant Series). This Base Prospectus has been approved by the Dubai Financial Services Authority (the "DFSA") under Rule 2.6 of the DFSA's Markets Rules (the "Markets Rules") and is therefore an Approved Prospectus for the purposes of Article 14 of the DIFC Law No.1 of 2012 (the "Markets Law"). Application has also been made to the DFSA for Trust Certificates issued under the Programme during the period of 12 months from the date of this Base Prospectus to be admitted to the official list of securities (the "DFSA Official List") maintained by the DFSA and to Nasdaq Dubai for such Trust Certificates to be admitted to trading on Nasdaq Dubai. References in this Base Prospectus to Trust Certificates being "listed" (and all related references) shall mean that such Trust Certificates have been admitted to trading on Nasdaq Dubai and have been admitted to the DFSA Official List. The Programme provides that Trust Certificates may be listed or admitted to trading, as the case may be, on such other or further stock exchanges or markets as may be agreed between the Trustee, Emaar and the relevant Dealer. The Trustee may also issue unlisted Trust Certificates and/or Trust Certificates not admitted to trading on any market. Notice of the aggregate face amount of Trust Certificates and certain other information which is applicable to each Tranche of Trust Certificates will be set out in a final terms document (the "applicable Final Terms") which, with respect to Trust Certificates to be listed on Nasdaq Dubai, will be delivered to the DFSA and Nasdaq Dubai. The DFSA does not accept any responsibility for the content of the information included in this Base Prospectus, including the accuracy or completeness of such information. The liability for the content of this Base Prospectus lies with the Trustee and Emaar. The DFSA has also not assessed the suitability of the Trust Certificates to which this Base Prospectus relates to any particular investor or type of investor and has not determined whether they are Sharia compliant. If you do not understand the contents of this Base Prospectus or are unsure whether the Trust Certificates to which this Base Prospectus relates are suitable for your individual investment objectives and circumstances, you should consult an authorised financial adviser. Emaar has been assigned a long term credit rating of Baa3 with a "stable outlook" by Moody's Investors Service Cyprus Ltd. ("Moody's") and BBB- with a "stable outlook" by S&P Global Ratings Europe Limited ("S&P"). The Programme has been assigned credit ratings of Baa3 by Moody's and BBB- by S&P. Each of Moody's and S&P is established in the European Union and registered under Regulation (EC) No. 1060/2009 (as amended, the "CRA Regulation"). As such each of Moody's and S&P is included in the list of credit rating agencies published by the European Securities and Markets Authority ("ESMA") on its website (at https://www.esma.europa.eu/supervision/credit-rating-agencies/risk) in accordance with the CRA Regulation. Trust Certificates issued under the Programme may be rated or unrated. Where a Tranche of Trust Certificates is rated, such rating will be disclosed in the applicable Final Terms and will not necessarily be the same as the rating assigned to the Programme by Moody's or S&P. A security rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating agency. The transaction structure relating to the Trust Certificates (as described in this Base Prospectus) has been approved by the Fatwa and Sharia Supervisory Board of Dubai Islamic Bank and the Shariah Supervisory Committee of Standard Chartered Bank. Prospective Certificateholders should not rely on such approvals in deciding whether to make an investment in the Trust Certificates and should consult their own Sharia advisers as to whether the proposed transaction described in such approvals is in compliance with their individual standards of compliance with Sharia principles. Arrangers Dubai Islamic Bank Standard Chartered Bank Dealers Dubai Islamic Bank Standard Chartered Bank The date of this Base Prospectus is 2 September 2019. A.1.1.1(9)9.2 243329-3-22-v7.0 75-40723787 This Base Prospectus complies with the requirements in Part 2 of the Markets Law and Chapter 2 of the Markets Rules and comprises a base prospectus for the purpose of giving information with regard to the Trustee, Emaar and the Trust Certificates which, according to the particular nature of the Trustee, Emaar and the Trust Certificates, is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profit and losses and prospects of the Trustee and Emaar. The Trustee and Emaar accept responsibility for the information contained in this Base Prospectus. To the best of the knowledge of each of the Trustee and Emaar (each having taken all reasonable care to ensure that such is the case) the information contained in this Base Prospectus is in accordance with the facts and does not omit anything likely to affect the import of such information. This Base Prospectus should be read and construed together with any amendments or supplements hereto and, in relation to any Tranche of Trust Certificates, should be read and construed together with the applicable Final Terms. Copies of Final Terms will be available from the registered office of the Trustee and the specified office set out below of the Principal Paying Agent (as defined below) save that, if the relevant Trust Certificates are not listed on Nasdaq Dubai and neither admitted to trading on a regulated market in the European Economic Area nor offered in the European Economic Area in circumstances where a prospectus is required to be published under Regulation (EU) 2017/1129 (the "Prospectus Regulation"), the applicable Final Terms will only be obtainable by a Certificateholder holding one or more Trust Certificates and such Certificateholder must produce evidence satisfactory to the Trustee or, as the case may be, the Principal Paying Agent as to its holding of such Trust Certificates and identity. None of the Arrangers, the Dealers, the Agents (as defined herein) or the Delegate have independently verified the information contained herein.
Load more

Recommended publications
  • Prepared for the Future Built on Strength, Prudence & Resilience
    EMAAR PROPERTIES Prepared for the Future Built on Strength, Prudence & Resilience. Investor Presentation November 2019 0 | EMAAR PROPERTIES Disclaimer Emaar Properties PJSC, for themselves and for Emaar Group, give notice that: The particulars of this presentation do not constitute any part of an offer or a contract. Given that the presentation contains information based on forecasts and roll outs, all statements contained in this presentation are made without responsibility on the part of Emaar Properties PJSC, their advisors, or members of Emaar Group (including their directors, officers and employees). None of the statements contained in this presentation is to be relied upon as a statement or representation of fact. All parties must satisfy themselves as to the correctness of each of the statements contained in this presentation. Emaar Properties PJSC and members of the Emaar Group do not make or give, and neither members of the Emaar Group nor any of their directors or officers or persons in their employment or advisors has any authority to make or give, any representation or warranty whatsoever in relation to this presentation. This presentation may not be stored, copied, distributed, transmitted, retransmitted or reproduced, in whole or in part, in any form or medium without the permission of Emaar Properties PJSC. 27 November Page 1 2019 1 | EMAAR PROPERTIES Discussion Summary Investing In Emaar Expanding Footprint in UAE & International Markets Business Strategy & Outlook 9M 2019 Results Update Annexure 2 | EMAAR PROPERTIES Investing In Emaar 3 | EMAAR PROPERTIES Emaar Purpose & Business Model An Enduring Enterprise Our Business Model: driven by: We operate a business model that puts risk mitigation at the centre of our core strategies.
    [Show full text]
  • Sustainability Report 2020
    SUSTAINABILITY REPORT 2020 EMAAR PROPERTIES PJSC CONTENTS Founder’s Message .......................................3 Highlights ....................................................4 Our Business ................................................5 Group Structure ...........................................6 Engaging with our Stakeholders ....................8 ESG Reporting .......................................... 17 Climate Strategy & Portfolio Resilience .......20 Diversity & Inclusion ..................................46 Reporting Approach .....................................9 Business Ethics ........................................... 18 Sustainable Operations .............................. 21 Customer and Resident Wellbeing & Satisfaction ............................................ 51 Materiality ................................................. 10 Energy & Emissions ....................................25 Community Engagement & Philanthropy .....54 Goals & Commitments ............................... 12 Sustainable District Cooling ....................... 37 Our 3 Pillars to address ESG Risks Water Management .................................... 39 and Opportunities ...................................... 14 Next Steps for Our Strategy ........................ 15 GRI index ..................................................57 FOUNDER’S MESSAGE Dear Stakeholders, • To create a more inclusive work culture and better delight our customers, we took the bold step to remove all job titles within Emaar, moving the We are pleased to present
    [Show full text]
  • Implementing Sustainable Construction Practices in Dubai – a Policy Instrument Assessment
    Master Thesis in Built Environment (15 credits) Implementing Sustainable Construction Practices in Dubai – a policy instrument assessment Marco Maguina Academic Supervisor: Catarina Thormark Spring Semester 2011 Master Thesis in Built Environment Implementing Sustainable Construction Practices in Dubai – a policy instrument assessment Author: Marco Maguina Faculty: Culture and Society School: Malmö University Master Thesis: 15 credits Academic Supervisor: Catarina Thormark Examiner: Johnny Kronvall Maguina, Marco 2 Master Thesis in Built Environment SUMMARY Recognized as one of the main obstacles to sustainable development, climate change is caused and accelerated by the greenhouse gas (GHG) emissions generated from all energy end-user sectors. The building sector alone consumes around 40% of all produced energy worldwide. Reducing this sector’s energy consumption has therefore come into focus as one of the key issues to address in order to meet the climate change challenge. Implementing sustainable construction practices, such as LEED, can significantly reduce the building’s energy and water consumption. Prescribing these practices may however encounter several barriers that can produce other than intended results. Since the beginning of 2008 Dubai mandates a LEED certification for the better part of all new constructions developed within the emirate, nevertheless the success of this regulation is debatable. This thesis identifies the barriers the introduction of the sustainable construction practices in Dubai faced and analyses the reasons why the regulatory and voluntary policy instruments were not effective in dealing with these barriers. Understanding these barriers as well as the merits and weaknesses of the policy instruments will help future attempts to introduce sustainable construction practices. To put the research into context a literature review of relevant printed and internet sources has been performed.
    [Show full text]
  • The Finest Properties Within Dubai 4 Welcome
    DUBAI VIEWThe finest properties within Dubai 4 Welcome 6 The alternative side of Dubai 8 Interiors FBC London 12 One&Only© Resorts 16 Location, location, location 18 The Royal Atlantis 20 Palm Jumeirah and Dubai Marina properties 30 A yacht for all seasons 32 The historic heart of Dubai 34 Dubai Creek Harbour contents 36 Dubai Creek, Downtown Dubai and Old Town properties 40 An oasis of calm and tranquility now available 42 Dubai Hills Estate property View the finest properties from around Dubai 44 Cities that matter on your device today. 46 International properties 52 Exceptional interiors 64 The team 65 Worldwide offices 66 Services KnightFrank.ae Cover image: Ras Al Khor Wildlife Sanctuary, Dubai welcome Welcome to the 2017 edition of Dubai View. As a world-leading property consultancy, I am pleased to present you with a selection Knight Frank is at the forefront of key of our ‘best-in-class’ residential properties developing markets and in the past year we for sale in Dubai as well as properties from have established a significant network in around the globe. From luxury penthouses the United States with 85 offices covering in the world’s most iconic towers to the high net worth locations of New York the most prestigious grand homes, the State, South Florida, Los Angeles and properties we have chosen will hopefully Aspen through our strategic residential represent an array of high-end living. alliance with Douglas Elliman. We provide market leading advice and transaction Although Dubai has become reputable for support from 413 offices in 60 countries, its luxurious lifestyle led by the plethora of supported by our Global Property Search skyscrapers, a collection of prestigious retail which is available in 22 languages making aspects, and iconic attractions, it has also it the most multilingual website in the evolved from a cultural perspective.
    [Show full text]
  • The Pride of Our Nation
    THE PRIDE OF OUR NATION ANNUAL REPORT 2018 CONTENTS LETTER TO SHAREHOLDERS 03 BUSINESS OVERVIEW 08 FINANCIAL HIGHLIGHTS 10 PROPERTY BUSINESS 12 PROJECT HIGHLIGHTS 16 JOINT VENTURE PROJECTS 38 HOSPITALITY & LEISURE 72 SHOPPING MALLS & RETAIL 86 INTERNATIONAL OPERATIONS 99 BOARD OF DIRECTORS 109 PRINCIPAL OFFICERS 125 GROUP STRUCTURE 127 LETTER TO SHAREHOLDERS “You inspire us, year after year, to push ourselves, set new benchmarks, and create long-term value for the Company and our nation.” I thank you for your continued support to your Company. A defining factor that has highlighted our evolution, especially in recent years, is the true sense of ownership across all levels of operation by every member of the Emaar family. 2018 EMAAR ANNUAL REPORT | 03 While we have created, literally, the spirit of ownership for our customers FIRM FUNDMENTALS through our master-planned communities, I have always believed that organisations perform best when it builds an ‘ownership culture’ that Your Company recorded exceptional growth in 2018. That is the result touches every employee. of the agility and flexibility with which we have operated in today’s fast- changing environment. With an ownership mindset, every action they take is guided by the organisational values, which, in turn, enable cost consciousness, resource We recorded a net operating profit of AED 7.216 billion, a growth of 30 use optimisation and higher levels of efficiency and productivity. And that per cent over 2017, prior to considering the effect of the IPO of Emaar is what has enabled us to achieve exceptional financial performance, even Development and forex movement.
    [Show full text]
  • Emaar Properties FY 2017 Results March 2018 Disclaimer
    Emaar Properties FY 2017 Results March 2018 Disclaimer Emaar Properties PJSC, for themselves and for Emaar Group, give notice that: The particulars of this presentation do not constitute any part of an offer or a contract. Given that the presentation contains information based on forecasts and roll outs, all statements contained in this presentation are made without responsibility on the part of Emaar Properties PJSC, their advisors, or members of Emaar Group (including their directors, officers and employees). None of the statements contained in this presentation is to be relied upon as a statement or representation of fact. All parties must satisfy themselves as to the correctness of each of the statements contained in this presentation. Emaar Properties PJSC and members of the Emaar Group do not make or give, and neither members of the Emaar Group nor any of their directors or officers or persons in their employment or advisors has any authority to make or give, any representation or warranty whatsoever in relation to this presentation. This presentation may not be stored, copied, distributed, transmitted, retransmitted or reproduced, in whole or in part, in any form or medium without the permission of Emaar Properties PJSC. FY 2017 Results Presentation 6 March 2018 Page 1 Table of Contents KEY HIGHLIGHTS INCOME STATEMENT BALANCE SHEET OPERATIONAL OVERVIEW APPENDIX FY 2017 Results Presentation 6 March 2018 Page 2 Key Highlights Income Statement Balance Sheet Operational Overview Appendix Emaar Properties at a Glance #1 1.8Bn c. 89,000 listed developer SQFT of land units sold since by market cap bank in key inception(3) in MENA(1) countries c.
    [Show full text]
  • EBD114 Final V2
    PROMOTION RC/RET/HARERA/GGM/451/183/2021/19 - dated 19.04.2021 www.haryanarera.gov.in RERA Reg. No.:RC/RET/HARERA/GGM/451/183/2021/19 - dated 19.04.2021 for Emaar Business District-114 (EBD- 114), a commercial plotted colony project, also available at www.haryanarera.gov.in and is being developed on land admeasuring 6.40625 acres (2.5925 hectare) approx. situated at Village Bajghera, Sector 114, Tehsil and District Gurugram, Haryana, owned by Tacery Builders Private Limited, Bailiwick Builders Private Limited, Logical Estates Private Limited and Sharyans Buildcon Private Limited in collaboration with Emaar India Limited (Formerly referred to as Emaar MGF Land Limited) under License No. 14 of 2021 dated 12th march 2021 valid upto 11.03.2026 issued by DTCP, Govt. of Haryana. Emaar India Limited (Formerly referred to as Emaar MGF Land Limited) (CIN: U45201DL2005PLC133161) registered office at 306-308, 3rd floor, Square One, C-2, District Centre, Saket, New Delhi - 110017. Tel: (+91 11) 4152 1155, 4152 4618) Fax.: (+91 11) 4152 4619 Email: [email protected] | in.emaar.com Disclaimer: Nothing contained herein intends to constitute a legal offer and does not form part of any legally binding agreement. All images are merely artistic conceptualization and do not replicate the exact product, amenities and services depicted herein and should not be relied upon as definitive reference. The development is subject to terms and conditions of the Licenses, Applicable Laws and the final executed and registered agreements. Viewers/ intending purchasers are requested to contact the relevant project office to understand the details regarding the Project(s) and only after thorough understanding about the same and taking appropriate advice, take further decision regarding/ in relation to the Project(s).
    [Show full text]
  • A New Community Is Emerging
    A new community is emerging Emaar Palm Premier 3 BHK Apartments Palm Hills, Sector 77, Gurugram Grand View Artistic Impression Welcome to Emaar Palm Premier. New towers nestled in Palm Hills, a lively, bustling neighbourhood surrounded by refreshing green spaces and offering a panoramic view. A large master planned community with landscaped greens. It promises an active and healthy lifestyle with modern Clubhouse equipped with sports, gym and health facilities that will inspire you to get moving. SULTANPUR NATIONAL PARK SHIKARPUR JHATIKRA SGT UNIVERSITY BUDHERA Location JHATIKRA BUDHERA BADUSARAI S-107 DHARAMPUR S-107 DHARAMPUR BASAI ROAD BASAI ROAD CAMBRIDGE COLLEGE OF ENGINEERING S-108 S-115 KHERKI MAJRA S-29S-108 DWARKA OM INDU KHERKI MAJRA S-24 HOSPITAL DWARKA S-114 S-102A BASANT VALLEY S-95B IMPERIAL PUBLIC SCHOOL BASAI ROAD GARDENS S-102A S-106 S-109 S-28 S-99A S-102 S-103 DWARKA GURGAON S-112 BASANT VALLEY S-113 S-95A S-99 GREENS S-95B DELHI BASAI ROAD PUBLIC SCHOOL PUBLIC SCHOOL S-95 S-89B DWARKA EXPRESSWAY S-106 S-99A DWARKA EXPRESSWAY S-92 S-102 S-103 S-94 NEW S-89A S-88B GURGAON S-111 S-95A S-100 PALAM VIHAR S-101 GREENS S-110 PHASE 3 S-99 S-105 S-95 S-93 S-104 S-88A S-89B CCA SCHOOL GEMS S-1 S-37D S-02 S-89 BASAI ROAD INTERNATIONAL S-92 SCHOOL S-94 S-3A S-3 S-90 S-88B S-9A INOX S-89A S-4 S-100 KAPASHERA BLUE BELLS ANSAL PLAZA DWARKA EXPRESSWAY MILITARY AREA DADI SATI S-88 MODEL SCHOOL S-101 CHOWK S-37C S-23A S-9 S-5 S-105 S-93 S-36B HUDA S-86 S-7 S-23 S-10 GYMKHANA CLUB S-104 S-6 S-85 S-88A EURO VIVEKANAND S-84 INTERNATIONAL
    [Show full text]
  • Download PDF (861.9
    5 Figure I.1. Dubai Inc. Ruler of Dubai Government of Dubai 100% 100% 100% 100% Dubai International Investment Dubai Holding Financial Centre Dubai World Corporation of Dubai Authority 100% 100% 100% 70% 100% 100% Dubai Holding Dubai Holding DIFC Investments Drydocks World 20% Borse Dubai Emirates Group Commercial Investment Group Operations Group 10% 80% 100% 100% 100% 100% Dubai Properties Dubai Financial Dubai Group Istithmar World Emirates Airline Group Market 100% 70% 100% 20% 56% Commercial Bank of Jumeirah Group Dubai Banking Group Nakheel Emirates NBD Dubai 30% 100% 100% 70% 12% 100% Emirates Islamic Tatweer Dubai Bank Limitless Dubai Investments Bank 100% 48% 100% 30% 48% Port and Free Zone TECOM Investments SHUAA Capital Dubai Islamic Bank Union Properties World 20% Emirates Integrated 100% 80% 43%Emirates 20% Deyaar Development Telecommunications Dubai Financial Group DP World Refreshements Company Company Company 100% 100% 57% 10% Dubai International National Bank of Dubai Maritime City Tamweel Capital Fujairah 100% 31% Economic Zones Emaar Properties World 48% Amlak Finance Source: Zawya. 6 3. Looking forward, GREs will likely continue to pose significant risks to the sovereign balance sheet and the financial system. Although little information is available on the financial situation of most GREs, with an estimated US$60 billion of debt due in 2011–12, the U.A.E. face rollover risk and would need to manage this carefully in light of continued turmoil in global markets. Moreover, with the restructuring of Dubai Inc., a significant amount of debt has been shifted to the medium term with potential bunching risks in 2014–15.
    [Show full text]
  • Emaar Hospitality Results Development
    EMAAR PROPERTIES Prepared for the Future Built on Strength, Prudence & Resilience. Investor Presentation April 2019 0 | EMAAR PROPERTIES Disclaimer Emaar Properties PJSC, for themselves and for Emaar Group, give notice that: The particulars of this presentation do not constitute any part of an offer or a contract. Given that the presentation contains information based on forecasts and roll outs, all statements contained in this presentation are made without responsibility on the part of Emaar Properties PJSC, their advisors, or members of Emaar Group (including their directors, officers and employees). None of the statements contained in this presentation is to be relied upon as a statement or representation of fact. All parties must satisfy themselves as to the correctness of each of the statements contained in this presentation. Emaar Properties PJSC and members of the Emaar Group do not make or give, and neither members of the Emaar Group nor any of their directors or officers or persons in their employment or advisors has any authority to make or give, any representation or warranty whatsoever in relation to this presentation. This presentation may not be stored, copied, distributed, transmitted, retransmitted or reproduced, in whole or in part, in any form or medium without the permission of Emaar Properties PJSC. 25 April 2019 Page 1 1 | EMAAR PROPERTIES Discussion Summary Investing In Emaar Expanding Footprint in UAE & International Markets Business Strategy & Outlook FY & Q4 2018 Results Update Annexure 2 | EMAAR PROPERTIES Investing In Emaar 3 | EMAAR PROPERTIES Emaar Purpose & Business Model An Enduring Enterprise Our Business Model: driven by: We operate a business model that puts risk mitigation at the centre of our core strategies.
    [Show full text]
  • Emaar-India.Com
    emaar-india.com April 5, 2018 To, The General Manager Department of Corporate Services BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai – 400 001 Re: Scrip Code: 948003 (ISIN - INE451H07332) Scrip Code: 948005 (ISIN - INE451H07340) Scrip Code: 948012 (ISIN - INE451H07357) Ref. : Regulation 55 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sub .: Credit Rating of 22,600, 11.25% Secured, Redeemable, Non-Convertible Debentures (NCDs), of face value of Rs.10,00,000/- (Rupees Ten Lakh) each Dear Madam, This is to inform you that, with reference to Regulation 55 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Credit Rating of 22,600, 11.25% Secured, Redeemable, Non- Convertible Debentures (NCDs), of face value of Rs.10,00,000/- (Rupees Ten Lakh) each issued by the Company has been reviewed and rated by CARE Ratings as follows: Instrument Amount (in INR) Ratings Rating Action 22,600, 11.25% Secured, Redeemable, Two Thousand Two CARE BB: Stable Reaffirmed Non-Convertible Debentures (NCDs), of Hundred and Sixty (Double B); face value of Rs.10,00,000/- (Rupees Crores Outlook Stable Ten Lakh) each Thanking you, Yours faithfully, For Emaar MGF Land Limited Sd/- Bharat Bhushan Garg Company Secretary Emaar MGF Land Limited Emaar Business Park, MG Road, Sikanderpur, Sector 28, Gurugram 122002. Haryana. Tel.: +91 124 442 1155 I Fax: +91 124 479 3401 Registered Office: 306-308, Square One, C-2, District Centre, Saket, New Delhi – 110 017. Tel.: +91 11 4152 1155, 4948 3100 Fax: +91 11 4152 4619 I CIN: U45201DL2005PLC133161 I Email: [email protected] chs~Ratings Prof....ional Risk Opinion CARE/DRO/Rt/2018-19/1012 Mr.
    [Show full text]
  • FRASCA-THESIS.Pdf (2.303Mb)
    Copyright by Alexandra Marguerite Frasca 2011 The Thesis Committee for Alexandra Marguerite Frasca Certifies that this is the approved version of the following thesis: Dubai, Debt, and Dependency: The Political and Economic Implications of the Bailout of Dubai APPROVED BY SUPERVISING COMMITTEE: Supervisor: Clement Henry Sanford Leeds Dubai, Debt, and Dependency: The Political and Economic Implications of the Bailout of Dubai by Alexandra Marguerite Frasca, B.A. Thesis Presented to the Faculty of the Graduate School of The University of Texas at Austin in Partial Fulfillment of the Requirements for the Degrees of Master of Arts and Master of Business Administration The University of Texas at Austin May 2011 Abstract Dubai, Debt, and Dependency: The Political and Economic Implications of the Bailout of Dubai Alexandra Marguerite Frasca, MA; MBA The University of Texas at Austin, 2011 Supervisor: Clement Henry The goal of this thesis is to identify the main political and economic implications of Dubai’s debt crisis and subsequent bailout by her wealthier and more powerful sister emirate Abu Dhabi. This paper examines the implications of the bailout of Dubai on two levels: Dubai’s relationship with Abu Dhabi and Dubai’s relationship with the international investment community. The paper first provides a brief background on Dubai, one of the seven emirates that make up the United Arab Emirates (UAE), and discusses Dubai’s key characteristics that helped give Dubai her nickname Dubai Inc. – an opportune location, the Al-Maktoum ruling family, and state-led entrepreneurship. It then discusses Dubai’s historically competitive relationship with Abu Dhabi and Dubai’s push to diversify economically away from oil.
    [Show full text]