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DIB gets shareholders’ nod for $5bn sukuk issuance programme
Dubai Islamic Bank, received approval from shareholders to set up a $5 billion (Dh18.35bn) sukuk programme, as well as issue up to $2bn in capital-boosting Islamic bonds. DIB shareholders “unanimously approved” a resolution to authorise the board to issue senior sukuk or similar debt instruments that are non-convertible into shares…
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Click here to read the full story: The National