February 4, 2018 / 6:03 AM / 3 months ago

BRIEF-Qatar Islamic Bank Seeks Increase, Renewal of Sukuk Program

Feb 4 (Reuters) - QATAR ISLAMIC BANK QPSC:

* SHAREHOLDERS TO MEET ON FEB 21 TO RENEW 7.5 BILLION RIYALS LIMIT FOR ADDITIONAL TIER 1 (AT1) PERPETUAL SUKUK OF WHICH 4 BILLION RIYALS IS UTILIZED‍​

* SHAREHOLDERS TO MEET ON FEB 21 TO INCREASE LIMIT OF QIB SUKUK PROGRAM IN USD TO A MAXIMUM OF $4 BILLION INSTEAD OF $3 BILLION

* SHAREHOLDERS TO APPROVE INCREASE IN PERCENTAGE OWNERSHIP OF NON-QATARIS IN BANK’S CAPITAL TO 49 PERCENT INSTEAD OF 25 PERCENT Source: (bit.ly/2DZJIjB) Further company coverage:

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