Tunisia: Wifak International Bank to issue TND10 mln in corporate sukuk
Tuesday, 30 April 2019 15:59
In a release published on April 29, 2019, the Wifak International Bank announced that it has received the approval of a TND10 million ($3.3 million) sukuk issuance. This amount could be increased to TND20 million.
In the framework of that operation, 100,000 bonds of a nominal value of TND100 each will be issued.
The subscription period is May 10 to June 30, 2019. The operation is aimed at reinforcing the bank’s stable resources to reach a liquidity ratio above 100% and fund the investment budget.
In December 2018, Wifak International Bank announced that it would issue TND150 million in a 3-year sukuk to fund its operations (following a government edict of June 2, 2018, authorizing the issuance of corporate sukuks).
Wifak International Bank was founded in 2015 after Wifak Leasing was transformed into a universal bank specialised in Islamic banking.
Live News
-
Visa Bets on Premium Banking in Senegal Despite Already High Adoption
20:55
-
WTO Talks in Yaoundé Lay Bare Deepening Fractures in Global Trade
20:47
-
Senegal Shifts Core Legal Services Online to Accelerate State Digitization
20:39
-
Ethio Telecom Turns to Green Power to Secure Network Expansion
20:07
-
University of Kara partners employers’ body to align education with labour market
19:11
-
Togo equips women’s rice cooperatives to cut losses and raise output
18:57
-
Togo launches SME selection under AfDB-backed agricultural value chain program
18:47
-
Air Algérie Doubles Down on Fleet Expansion With New Boeing Order
18:28
-
Mohamed Khelifi Builds Fintech Solution to Streamline Financing in Tunisia
14:39
-
Sami Kehal Expands Parcel Shipping Across Algeria with WeeWee Delivery
14:37
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ co...
Criminal records and nationality certificates now available online Platform aims to cut delays, costs, and centralize public services Government faces...
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize power for 4G, 5G rollout and data centers Focus on...
Airline orders 10 Boeing 737 MAX 8 to modernize fleet and boost capacity Deliveries set between mid-2026 and 2027 as part of broader expansion...
Company says climate strategy may be adjusted as global transition lags Strong oil and gas demand continues to shape its outlook No new...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...