Al Tamimi & Company Provides Advisory Services for Salama's Sharia-Compliant Sukuk Offering Worth AED155 Million
Al Tamimi & Company advised Islamic Arab Insurance Company (SALAMA) on a strategic capital enhancement deal involving the issuance of mandatory convertible sukuk worth AED155 million. The transaction includes reducing capital, issuing sukuk through a special-purpose vehicle, and eventually increasing equity by converting the sukuk into shares.
Topics: capital restructuring Islamic finance Sharia-compliant bonds