Al Jazira Bank to issue dollar sukuk
Al Jazeera Bank announced its intention to issue additional Tier 1 capital sukuk in US dollars, aimed at strengthening its capital and meeting the bank’s needs. The issuance will be offered through a special purpose vehicle and will target qualified investors inside and outside the kingdom. The specific details will depend on market conditions and regulatory approvals. The underwriting process is managed by a consortium of global and regional financial institutions, including banks and investment firms such as Abu Dhabi Commercial Bank, HSBC, Goldman Sachs, and Citi Group.
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