July 14 (Bloomberg) -- Sorouh Real Estate Co., Abu Dhabi's second-biggest developer, hired five banks to help it raise 4 billion dirhams ($1.1 billion) in its first sale of Islamic bonds that will help pay for its projects. Sorouh will start selling sukuk secured on contracted income due from sub-developers ``over the next few weeks,'' it said in a statement to the Abu Dhabi Securities Exchange today. Abu Dhabi Commercial Bank PJSC, Citigroup Inc., First Gulf Bank PJSC, National Bank of Abu Dhabi PJSC and Noor Islamic Bank will manage the sale, the statement said.
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