ADIB-Capital to request regulatory approvals for first sukuk issuance worth USD50mn
ADIB-Capital, ADIB-Egypt’s investment banking arm, is planning to request regulatory approval from the Financial Regulatory Authority (FRA) for a sukuk issuance it is managing for a company operating in the local market, according to CEO and MD Hatem El Demerdash. He added that the issuance could be worth up to USD50mn. (Al Mal)
Abu Dhabi Islamic Bank - Egypt: EGP11.67 as of 20 Jun. 2019, Rating: Buy, TP: EGP17.80/share, MCap: USD140mn, ADIB EY/ADIB.CA
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