Tawasul
Mubasher TV
Contact Us Advertising   العربية

DIB plans to sell US dollar senior Sukuk

DIB plans to sell US dollar senior Sukuk
DIB has hired the banks to arrange the deal
DIB
DIB
-2.82% 5.16 -0.15

Dubai – Mubasher: Dubai Islamic Bank (DIB) plans to issue US dollar-denominated senior Sukuk, which could be around $500 million in size, sources told Reuters.

DIB has hired the banks to arrange the deal, which is expected to be executed next week.

It is noteworthy to mention that in June 2021, the bank has sold a five-year Sukuk worth $1 billion after receiving over $2.8 billion in orders for the Islamic bonds.