Sharjah Islamic Bank Hires Banks For Dollar Sukuk
{{#if alert}}
{{msg}}
{{/if}} {{#if confirm}}
{{msg}}
{{/if}} {{#if email}}
Please enter a valid destination email id
{{/if}}
The bank has appointed HSBC and Standard Chartered Bank as global coordinators
DUBAI: Sharjah Islamic Bank has hired banks to arrange a series of fixed income investor meetings ahead of a potential five-year senior unsecured sukuk denominated in US dollars, a document from one of the banks showed.
The 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 to arrange meetings in Asia and Britain starting from April 5.
Sharjah Islamic Bank, rated A3 by Moody’s, BBB+ by S&P, BBB+ by Fitch, will issue the Islamic bonds following the meetings, and subject to market conditions.
Company Performance
{{-CLOSE}}
{{-CHANGE_POINTS}}
{{-CHANGE_PERCENT}}(%)
As on
M&A In The Middle East Surges 260% To $53bn As Dealmakers Drive Energy And Tech Expansion
Middle East M&A deal values jump 260% to $53bn in 2025, led by energy consolidation and fast-growing technology and... Read more
UAE To Apply Reverse VAT Charge On Scrap-metal Trading From January 2026
New Cabinet decision shifts VAT accounting to buyers in a move aimed at curbing fraud and strengthening tax compliance ... Read more
KKR Makes First Saudi Investment With Financing For Key Desalination Plant
The global investment firm KKR has partnered with ACWA Power to support long-term water security under Vision 2030 The ... Read more
UAE Announces Updated Excise Tax Rules
UAE issues Cabinet Resolution No. 198 of 2025 amending Excise Tax rules to improve compliance and enhance procedures Th... Read more
DIFC Joins Global Privacy Forum To Strengthen Cross-border Data Governance
Membership of the Global Cross-Border Privacy Rules Forum reinforces Dubai’s ambition to be a leading hub for the dig... Read more
Mubadala Completes Acquisition Of Service Logic In Partnership With Bain Capital
Service Logic is headquartered in Charlotte, North Carolina, and is a leader in comprehensive commercial HVAC and build... Read more