QIIB to issue $400-500m Sukuk

QIIB to issue $400-500m Sukuk
Photo Archive
International Islamic
-1.33% 65.16 -0.88

Mubasher: The CEO of Qatar International Islamic Bank (QIIB) said that the second tranche of the mudarabah sukuk will be issued at a total value between $400 to 500 million.

Abdulbasit Al Shaibei added that the decision comes after studying international market developments to ensure proper pricing.

QIIB’s ordinary general meeting (OGM) recently approved the distribution of cash dividends at QAR 4 per share, or 40% of the company’s capital.