| Abu Dhabi Islamic Bank would like to confirm that the media reports published on 14 July 2010 regarding the bank's plans to raise US$5 billion from Sukuk sales are not correct. ADIB is not issuing a new Sukuk, but rather updating the initial program that was launched in 2006.
Unfortunately the media did not capture the information correctly and their story is misleading. Moreover, to ensure clarity and to avoid misquotes, the ADIB team provided the media (Bloomberg & Reuters) with the below statement on 13 July 2010..............................................Full Press Release: Source |