Emirate of Ras Al-Khaimah to meet investors for sukuk issue

DUBAI: The emirate of Ras Al Khaimah has hired four banks to arrange fixed income investor meetings starting on Thursday for a potential US dollar-denominated sukuk offer, a document from lead arrangers showed.

Ras Al Khaimah has picked Al Hilal Bank, Citigroup, J.P. Morgan and National Bank of Abu Dhabi to arrange investor meetings in Asia, the Middle East and Europe, the document showed.

Investor meetings will start in Singapore on Thursday, before moving to Kuala Lumpur on Friday, the United Arab Emirates on Sunday and London on Monday.