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Islamic Finance Briefing - Categorized | Banking, Bonds (Sukuk) more

Abu Dhabi Islamic Bank up on sale roadshow

Posted on 24 November 2011

Abu Dhabi Islamic Bank (Adib) rose the most in three months, as the country’s second-biggest Sharia-compliant lender proceeded with its roadshow to sell a $500 million five-year sukuk.
Adib’s shares rose 1.2 per cent to Dh3.18 a piece on the Abu Dhabi Securities Exchange (ADX) yesterday. The stock rose as much as 1.6 per cent during the trading session. Citigroup, HSBC Holdings, Standard Chartered, Nomura and National Bank of Abu Dhabi are arranging the sale, Bloomberg News reported on Tuesday………………………………………..Full Article: Source

 
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