TDIC awarded 'The Asset Triple A Best Deal – Middle East'

Published July 7th, 2010 - 06:18 GMT

Tourism Development & Investment Company (TDIC), a master developer of major tourism, cultural, residential destinations in Abu Dhabi, has been awarded 'The Asset Triple A Best Deal – Middle East' in 'The Asset Triple A Islamic Finance Awards 2010', for its US$1 billion Sukuk Al Ijara at an awards ceremony in Kuala Lumpur.

Adjudicated on both qualitative and quantitative criteria by The Asset magazine's Board of Editors, The Asset Triple A Awards are Asia's defining standard for excellence in the financial industry.

Lee Tabler, TDIC's Chief Executive Officer, commented on the achievement: "Islamic Finance is playing an ever greater role in international financial markets and this award, the third that TDIC's Sukuk Al Ijara has won this year, further emphasises the significant impression that TDIC has made on global investors. TDIC is committed to strengthening its role and relationship within both Islamic and conventional financial markets and we are honoured to have received a prestigious Asset Triple A Islamic Finance Award." 

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