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Sharjah Islamic Bank raises $265M in syndicated funds

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Sharjah Islamic Bank raises $265M in syndicated funds

SharjahIslamic Bank raised a three-year syndicated murabaha financingfacility of $265 million.

The Abu Dhabi-listed bank increased the facility after aninitial target of $200 million was oversubscribed.

ABC Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital Ltd.and Noor Bank served as initial mandated lead arrangers and book runners.