The First Group, a Dubai Based property developer and real estate investor, is considering different financing options.
Reports suggest the firm is looking at potentially issuing US dollar-denominated Sukuk or Islamic bonds.
“The First Group is currently considering different financing structures in order to explore potential opportunities currently available in the region,” said the spokeswoman.
“Given the confidential nature of these conversations we are not able to disclose the exact details currently under discussion,” said the spokeswoman.
According to its website, the First Group specialises in hotel investments.
The First Group’s ambassadors include former Liverpool FC and Manchester United striker, Micheal Owen and Indian Test cricket legend Sunil Gavaskar.
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