Mubasher: Four banks have pledged $265 million (AED 973.33 million) as a medium-term murabaha facility to Sharjah Islamic Bank, according to a bourse statement.
ABC Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital Limited, and Noor Bank were chosen as Initial Mandated Lead Arrangers and Bookrunners to arrange the three-year loan ,on behalf of Sharjah Islamic Bank, ABC said in a recent statement.
“The facility size was increased to $265 million from the initial target of $200 million due to oversubscription and strong support,” the BHB-listed bank, ABC, said in the statement.
