Ajman Bank’s shareholders to study $150m Sukuk issuance

Ajman Bank’s shareholders to study $150m Sukuk issuance

Dubai - Mubasher: The shareholders of Ajman Bank will consider the issuance of $150 million Teir 1 Sukuk which are not convertible into shares, according to a recent disclosure to the Dubai Financial Market (DFM).. The ordinary general meeting (OGM), set to be held on 20 April, will discuss authorising the bank's board to determine the date of issuance, which shall not exceed one year from the date of the OGM.. The news story is part of Mubasher Exclusive Services..