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Sharjah Islamic Bank issues sukuk to raise Dh266 million
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today 01 January 2018 GMT

Al Owais noted that in March 2017, at SIB's AGM, shareholders had approved the issuance of sukuk convertible into 10 per cent of the ordinary share capital by the bank. As per the scheme, the Ruler of Sharjah nominated an entity engaged in endowment activities to subscribe to sukuk equal to 10 per cent of SIB's capital...

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