Doha – Mubasher: Ezdan Holding Group said Tuesday that it mandated four banks to arrange the issuance of a sukuk programme worth QAR 7.29 billion ($2 billion).

According to a bourse filing, Ezdan mandated Barwa Bank, Emirates NBD Capital, HSBC and Mashreq Bank as joint lead managers and book runners to arrange a series of meetings with fixed income investors in Asia, UAE and UK as of 5 May 2016.

The stock fell today by 3.77% after 635,900 shares were exchanged at QAR 11.4 million.