Dubai Islamic Bank (DIB) announced that it has repaid in full a $750m five-year Sukuk, which matured on March 22, 2012, from its own sources, demonstrating the bank’s financial strength and comfortable liquidity position.
Issued in March 2007, the Sukuk was oversubscribed by three times, with 45% allocation in the Middle East, 25% in Asia and 30% in Europe, underscoring the regional and international market confidence in DIB. (Press Release)