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UAE's Ajman Bank obtains $200 million Islamic loan
October 9, 2017 / 8:14 AM / in 8 days

UAE's Ajman Bank obtains $200 million Islamic loan

DUBAI, Oct 9 (Reuters) - United Arab Emirates’ Ajman Bank obtained a $200 million syndicated Murabaha financing which was coordinated by Emirates Islamic, it said on Monday.

Al Hilal Bank, Dubai Islamic Bank and Sharjah Islamic Bank joined the loan as initial mandated lead arrangers and bookrunners.

The loan has a maturity of two years, Ajman Bank said.

Reporting by Davide Barbuscia, editing by Louise Heavens

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