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Sharjah Islamic Bank rights issue draws Dh8.3 billion in demand
Sharjah Islamic Bank said its Dh2.59 billion rights issue attracted more than Dh8.3 billion in subscriptions, making the offering oversubscribed by more than 3.2 times despite volatile global market conditions. The bank announced the completion of the capital raise after the subscription period closed on May 8. SIB said the…
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