17 Hrs
Source:
الاقتصادية
Sharjah Islamic Bank releases $500M Sukuk
The article focused on Sharjah Islamic Bank's successful issuance of $500 million Sukuk bonds with a five-year tenor and a 5.85% yield. Investor orders for the issuance exceeded $1.3 billion, amounting to 2.6 times the offer size, reflecting market confidence in the bank's performance and its financing strategy. This issuance is the thirteenth for the bank since entering the capital markets in 2006. Its aim is to enhance diversification of funding sources, improve the bank's liquidity, and support its plans for growth and expansion into international markets.
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