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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Shuaa rejects Dubai banking claim

Posted on 24 June 2009

From Tradearabia.com: Dubai investment bank Shuaa Capital said on Tuesday it rejected a claim from Dubai Banking Group (DBG) for a refund in a row over $409 million bond conversion deal.

‘Shuaa Capital rejects the claim that any amounts are due to DBG because Shuaa has already exercised its contractual option to redeem the bonds by issuing 250 million new shares,’ Shuaa said in a statement……..Full Article: Source

 
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