They will hold investor calls starting on Tuesday, to be followed by an issue of six-year and 12-year euro-denominated bonds, subject to market conditions.
MDGH lost 9.4 billion dirhams in the six months ended June 30, 2020 versus a profit of 9.67 billion in the same period a year earlier, the prospectus showed.
During a federal cabinet held under the chairmanship of Prime Minister Imran Khan it was decided to waive a number of taxes on these bonds under the Income Tax Ordinance 2001 Schedule.