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United Arab Emirates’ Sharjah Islamic Bank has launched $500 million (Dh1.8 billion) sukuk with a spread set at 150 basis points over mid-swaps, a document from one of the banks leading the deal showed.
Initial price guidance for the deal was in the area of 160 basis points over mid-swaps. The planned Islamic bonds issue, which will price on Wednesday, has attracted around $950 million in orders, the document showed.
Sharjah Islamic Bank has appointed HSBC and Standard Chartered Bank as global coordinators and Bank ABC, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Noor Bank, and Standard Chartered Bank as joint lead managers and bookrunners for the issue.
Sharjah Islamic Bank (SIB) on Sunday reported Dh283 million net profit for the first half 2018 compared to Dh272.9 million in the same period last year. Net operating income reached Dh524.2 million f
Nasdaq Dubai today welcomed the listing of $500 million sukuk by the Sharjah Islamic Bank, the third listing by the Emirati lender on the region’s international exchange.
The new sukuk is
Sharjah Islamic Bank (SIB) on Sunday reported a net profit of Dh143.1 million for the first quarter 2018, up 3 per cent compared to Dh139.1 million in the same period last year.
Bank Nizwa, represented by two of its Board Members, Sami Al Dhugishi and Ishaq Al Maouli along with Chief Executive Officer, Khalid Al Kayed, participated in the 2nd Islamic Financial Services Board
Times of Oman
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The Gulf Today
Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) co