| Al Hilal Bank is preparing for its first foray into credit markets, courting international investors with an Islamic bond sale. The Islamic bank, which is fully owned by the Abu Dhabi Investment Council, seeks to issue at least US$1 billion (Dh3.67bn) of sukuk before the end of the year.
Al Hilal is hoping the bond issue will help it to build a track record among international credit markets for future bond sales, said Sarie Arar, the head of wholesale banking at Al Hilal..............................................Full Article: Source
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