DIB repays $750m sukuk from own resources
Dubai Islamic Bank (DIB) has repaid in full a $750 million (Dh2.75 billion) five-year sukuk which matured on March 22 from its own sources, prooving the bank’s financial strength and comfortable liquidity position.
The sukuk was launched in 2007, through a special purpose vehicle, DIB Sukuk Company Limited, located in the Cayman Islands, being the first sukuk to be listed on both the Dubai International Financial Exchange (DIFX) and the London Stock Exchange.
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