EFG Hermes lists Ijara Sukuk on EGX

The Sukuk will be offered for 57 months

  
An Egyptian man walks past a branch of the EFG Hermes investment bank in Cairo, Egypt May 29, 2018. Image used for illustrative purpose.

An Egyptian man walks past a branch of the EFG Hermes investment bank in Cairo, Egypt May 29, 2018. Image used for illustrative purpose.

REUTERS/Amr Abdallah Dalsh

Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee announced the listing of Ijara Sukuk issued by EFG Hermes Securitization Company.

The Ijara Sukuk is compliant with Islamic Sharia, tradable, and non-convertible, according to a statement on Wednesday.

The Sukuk will be offered for 57 months starting from the date of the issuance until the end of 2024 with a total value of EGP 2 billion, distributed over 20 million notes valued at EGP 100 apiece.

Source: Mubasher

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