Al Hilal is set for $500m sukuk issue

Abu Dhabi government-owned Al Hilal Bank has validated the appointment of three banks to administer its debut $500 million Islamic bond issue, which will be launched later this year.
Mohamed Berro, chief executive, noted that the banks chosen for the issue are: National Bank of Abu Dhabi, HSBC and Standard Chartered Bank. Berro added that the issue would help fund the bank's growth and strengthen its balance sheet.

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