Sharjah Islamic Bank repays sukuk using internal resources
Sharjah Islamic Bank (SIB) repaid a USD400mn sukuk, which it issued in May 2011. The bank’s deputy CEO Ahmad Saad said that the bank’s liquidity remains strong and the quality of the bank’s assets are in-line with peers. SIB used internal resources to repay the sukuk. SIB currently has two USD500mn sukuks outstanding, which are set to mature in 2018 and 2020. (Gulf News)
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