LAGOON CITY SUKUK

CMH Role: Lead Manager

Lagoon City is a real estate project being undertaken by Al-Ahlia Investment Company, one of the oldest investment companies in Kuwait. A US$ 200 million sukuk issue was launched to finance Lagoon City. The project comprises of 401 sea front and 155 back bay plots that are a part of a much larger development, Kheiran Pearl City, in Kuwait.

A’AYAN SUKUK

CMH Role: Arranger

A’ayan is a US$ 100 million musharaka sukuk issue of A’ayan Leasing & Investment Company, a Kuwait closed shareholding company regulated by the Central Bank of Kuwait and is listed in the Kuwait Stock Exchange.

DIYAAR SUKUK

CMH Role: Underwriter

A US$ 200 million sukuk issue, Diyaar Sukuk was launched in 2007 to part finance Diyaar Al Muharraq, a real estate development project on land to be reclaimed in the northeast of Bahrain. Covering a total area of 12.2 square kilometers, the project comprise a mixed community of residential, commercial and retail components and is considered one of the largest developments in the Kingdom of Bahrain.