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17 July 2024

Sharjah to meet investors ahead of dollar sukuk

Sharjah has picked six banks to arrange investor meetings starting next week ahead of a potential dollar-denominated sukuk issue. (File)

Published
By Reuters

The emirate of Sharjah has picked six banks to arrange investor meetings starting next week ahead of a potential dollar-denominated sukuk issue, a document from lead arrangers showed on Wednesday.

The sovereign has mandated Bank of Sharjah, Barclays, Commerzbank, Dubai Islamic Bank, HSBC and Sharjah Islamic Bank to arrange the transaction.

Investor meetings will be held starting Sunday in the Middle East, Asia and Britain and a deal will follow subject to market conditions, the document added.