Al Hilal Bank to issue $500m Islamic bond in 2013
- United Arab Emirates: Tuesday, March 19 - 2013 at 07:32
The chief executive of UAE-based Al Hilal Bank, Mohammad Berro has said the lender is likely to issue a Dhs1.8bn ($500m) sukuk in the second or third quarter of 2013, Gulf News has reported. The Shari'ah-compliant lender has posted over 55% surge in its 2012 net profits to Dhs320m compared with Dhs202.3m recorded in the previous year, said Berro.
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