BARWA BANK TO RAISE QR7.28 BIL­LION

Qatar Today - - BANK NOTES -

Share­hold­ers of Qatar's Barwa Bank IPO ap­proved plans for a QR7.28 bil­lion ($2 bil­lion) se­nior un­se­cured sukuk pro­gramme that could be is­sued in var­i­ous cur­ren­cies, ac­cord­ing to a Reuters re­port.

The Is­lamic bank did not spec­ify a time­frame or size for a po­ten­tial de­but deal. The bank also re­ceived ap­proval to pay a cash div­i­dend of 10% to share­hold­ers, the re­port said.

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