Sharjah Islamic to Raise $300 Million From Bonds, Alrroya Says

Sharjah Islamic Bank (NBS) plans to raise $300 million by selling Islamic bonds, Alrroya reported, citing the bank’s Vice Chairman Abdul Rahman Al Owais.

Standard Chartered Plc (STAN) and HSBC Holdings Plc (HSBA) have been mandated for the sale, according to the report.

To contact the reporter on this story: Zahraa Alkhalisi in Abu Dhabi at zalkhalisi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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