Bank of Sharjah seeks nod for $1.5bn bond
DUBAI, April 6, 2016
Bank of Sharjah is seeking shareholder approval for the issuance of bonds worth up to $1.5 billion, the lender told the bourse on Wednesday.
Assent will be sought at a shareholder meeting to be held on Apr. 30, the statement showed.
Any bond issuance will be subject to a board resolution on the matter and securing approval from relevant authorities, it added. - Reuters