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28 07 2019
On July 25, 2019, Pakistan finalized a $ 500 million Murabaha facility and a Murabaha facility ("facility"). This global transaction led to an oversubscription of more than 40%, motivated by the strong reaction of local, regional and international investors.
Emirates NBD Capital acted as global coordinator of these facilities, in which 12 banks fully subscribed. Dubai Commercial Bank, Emirates NBD, Noor Bank, Allied Bank, Dubai Islamic Bank, Abu Dhabi First Bank, Mashreqbank, and Sharjah Islamic Bank (SIB) as underwriters and major regulators in the organization of the transaction.
Samba Financial Group acted as the main regulator, the Bank of Jordan, Habib Bank Limited, the Union of Arab and French Banks acted as regulators.
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