Please wait...
GulfBase Live Support
- Saudi Arabia Lines Up Energy Deals Before Joint Russia Meeting
- Saudi Economic Affairs Council Reviews State Budget Performance
- Iran's Rial Currency Falls to Near-record Lows on European 'Snapback' Sanctions Threat
- Dollar Edges Lower as September Fed Cut Bets Grow
- Saudi Companies Sign Deals with Syria's Ministry of Energy
- Egypt hits record $8.5bn in dollar resources, prepares for post-IMF era, PM says
- How Gulf companies can succeed if boardrooms overcome fear of AI adoption
- Bahrain All Share Index, Islamic Index close higher
- Gold prices hold ground as investors await US data for more Fed cues
- Foreign funds exert selling pressure as 71% of QSE stocks end in red
03/04/2018 08:09 AST
Sharjah Islamic Bank has mandated HSBC and Standard Chartered to coordinate the potential sale of dollar-denominated sukuk, sources familiar with the matter said.
The Islamic bonds will be of benchmark size, which normally means upwards of $500 million (Dh1.83 billion), and are expected to have a five-year tenor.
The notes will be issued over the next few weeks, and the sale could be announced as soon as this week, depending on market conditions.
The bank did not immediately respond to a request for comment.
HSBC and Standard Chartered are global coordinators for the planned deal, but other banks will join as arrangers, said one of the sources.
Sharjah Islamic Bank has $500 million in outstanding sukuk, issued in 2013, that matures this month. It has sold two additional international sukuk of $500 million each in 2015 and 2016, both with five-year maturities.
Gulf News
16/07/2025
Sharjah Islamic Bank (SIB) achieved a net profit after tax of Dh697.2 million in the first half of 2025 compared to Dh558.7 million in the first half of 2024, an increase of 25 per cent, helped by a
Khaleej Times
22/01/2018
Sharjah Islamic Bank (SIB) said it will look into a proposal for the distribution of 8 per cent cash dividends, valued at Dh234.78 million.
The proposal will be reviewed during the annual
Gulf News
16/01/2018
Sharjah Islamic Bank (SIB) on Monday reported a full year 2017 net profit of Dh477.7 million compared with Dh462.9 million in 2016.
Despite booking a total provision of Dh253.8 million, whic
Gulf News
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.10 | -0.60 (-0.15 |
| FAB | 16.74 | -0.16 (-0.95 |
| EMIRATESNBD | 25.40 | -0.15 (-0.59 |
| ADCB | 15.02 | -0.48 (-3.10 |
| ADIB | 21.68 | -0.28 (-1.28 |
29/08/2025
The First Abu Dhabi Bank (FAB) has successfully issued a HKD390 million ($50 million) Blue Bond, a growing category of sustainable finance instruments, designed to advance and promote water-related e
Trade Arabia
29/08/2025
Beyon, a digital technology leader, has signe a partnership agreement with Bahrain's Ministry of Interior to implement an integrated AI-powered traffic monitoring system, aimed at modernising the tra
Trade Arabia
28/08/2025
Adnoc announced on Wednesday that it has signed a 15-year sales and purchase agreement (SPA) with Indian Oil Corporation Ltd (IndianOil), India's largest integrated and diversified energy company, fo
Khaleej Times
28/08/2025
In a significant step towards enhancing its digital transformation journey, Kuwait Airways signed a Master Services Agreement (MSA) with Impulse International for Telecommunications, laying the foun
Kuwait Times
28/08/2025
Vodafone Qatar has announced its expansion of Postpaid services through its new 'You Deserve It!' campaign, introducing new connectivity and digital lifestyle offerings to meet the evolving needs of
Gulf Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia