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19-Oct-2016

Ajman considering USD250mn syndicated loan

Ajman Bank is considering raising USD250mn Islamic syndicated loan. The loan will have a two year maturity and a murabaha format. The loan is backed by lenders including Noor and Dubai Islamic Bank. (Reuters)   Dubai Islamic Bank: AED5.35 as of 18 October 2016, Rating: Neutral, FV: AED5.80/share, MCap: USD7,205mn, DIB UH / DISB.DU  

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