BRIEF: UAE's Ajman Bank Proposes $1.5 Bln Sukuk Program

Staff Writer, Reuters News

December 23, 2018

UAE FINANCIAL SERVICES EQUITIES

AJMAN BANK AJBNK.DU :

* TO ISSUE A PROGRAM OF SUKUK TOTALING $1.5 BILLION

* FIRST TRANCHE OF SUKUK SHALL BE OF MINIMUM $350 MILLION AND THE OTHER TRANCHES IN ACCORDANCE OF NEED

* SAYS SUKUK ISSUANCE PROPOSAL WILL BE PRESENTED TO AGM IN ITS NEXT MEETING FOR APPROVAL

Source text for Eikon: ID:nDFM9nC4PT Further company coverage: AJBNK.DU

((Reuters.Briefs@thomsonreuters.com;))