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Bank of Sharjah leads $350mln sukuk issuance for Ittihad

Bank of Sharjah acted as a joint lead manager and bookrunner in a $350 million Sukuk issuance for UAE-based Ittihad International Investment LLC, according to a press release.

The listed lender participated in the 144A/Reg S senior unsecured sukuk transaction alongside other international and regional banks.

Mohamed Khadiri, CEO of Bank of Sharjah, commented: “Our participation in this Sukuk issuance underscores Bank of Sharjah’s strategic vision to offer financing and capital market solutions to meet the funding requirements of UAE-based corporates.”

Link: https://www.zawya.com/en/islamic-economy/islamic-finance/bank-of-sharjah-leads-350mln-sukuk-issuance-for-ittihad-n7e5bvzc

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