Bank of Sharjah Sole Lead Manager and Arranger
Bank of Sharjah is pleased to have performed the roles of sole lead manager and arranger for the issuance of AED 2 billion in Sukuk trust certificates for the Government of the Emirate of Sharjah, acting through the Sharjah Finance Department, the proceeds of which will be used to support the Sharjah economy, corporates, SMEs, individuals and banking sector during the Covid-19 crisis.
The securities were issued under the Sharjah Liquidity Support Mechanism, a framework initiated by the Government to enhance liquidity for the Sharjah banking system, and in co-operation with the Targeted Economic Support Scheme (TESS) of the Central Bank of the UAE.
The certificates, issued on May 19th, 2020, pay a profit rate of 1.5%, and mature on May 19th, 2021.
-Ends-
For further information, please contact:
Crista Pinto
Al Rahma Advertising
Tel: 0558749158
Email: crista@rahmaad.com
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
