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Shareholders at Qatar's Masraf Al Rayan approve sukuk issuance for up to $2 bln
April 2, 2017 / 4:14 PM / 8 months ago

Shareholders at Qatar's Masraf Al Rayan approve sukuk issuance for up to $2 bln

DOHA, April 2 (Reuters) - The shareholders of Qatar’s Masraf Al Rayan, an Islamic lender, approved on Sunday the issuance of sukuk worth up to $2 billion to meet the bank’s liquidity needs.

The Gulf state’s second largest lender by market value appointed banks in January to handle a debut sukuk issue of around $500 million, banking sources told Reuters that month. (Reporting By Tom Finn; Writing by Tom Arnold; Editing by Greg Mahlich)

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