Qatar International Islamic Bank (QIIB) Announces a Successful Issuance of US$ 300 Million Tier 1 Capital Sukuk.

14 November 2019

His Excellency Sheikh Dr. Khalid Bin Thani Bin Abdullah Al Thani, Chairman and Managing Director of QIIB expressed the Bank’s satisfaction for the great success achieved in the issuance of US$ 300 million Tier 1 capital Sukuk. The underwriting was oversubscribed 9 times over the original issue exceeding US$ 2.6 billion. Sheikh Khalid Al Thani emphasized that this success is mainly attributed to the robust Qatari economy which enjoys a tremendous confidence worldwide and to the distinctive Qatar Central Bank management in supervising the Banking sector. This Sukuk issue will be listed on London Stock Exchange.