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Bank of Sharjah to offer bonds on ADSM
- United Arab Emirates: Thursday, May 01 - 2008 at 12:11
Bank of Sharjah has announced that it will offer its converted bonds for clearance in the Abu Dhabi Securities Market beginning today. The bonds were converted into shares on March 17. The bank announced last month that 395 bondholders had converted 487,472,086 bonds representing 97.49% of the total. The capital of the bank after the said conversion stands at Dhs1,737,472,086.
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Jeff Florian, Senior ReporterThursday, May 01 - 2008 at 12:11 UAE local time (GMT+4)
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