Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bank of Sharjah Raises $150 Million From Term-Loan

Aug. 22 (Bloomberg) -- Bank of Sharjah, a lender in the United Arab Emirates, raised $150 million from a term-loan from a group of banks that replaces an older facility.

The one-year loan was raised from an initial target of $100 million due to investor demand and pays interest of 1.5 percent over benchmark rates, Bank of Sharjah said in an e-mailed statement today. Commerzbank Aktiengesellschaft, Intesa Sanpaolo SpA, National Bank of Abu Dhabi PJSC, UniCredit Group and Wells Fargo Bank NA helped arrange the loan, it said.

The loan replaces an older $200 million loan Bank of Sharjah raised in June 2007, which was repaid in June 2010, and will be used for general corporate purposes, the bank said.

Bank of Sharjah shares closed unchanged at 1.75 dirhams on the Abu Dhabi Exchange today.

To contact the reporters on this story: Arif Sharif in Dubai at

To contact the editor responsible for this story: Edward Evans at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.