(SUPPLIED) Ajman Bank on Sunday announced the opening of its public prospectus are available at the following banks: Abu Dhabi Islamic. together “Joint IPO Coordinators”) are acting exclusively for the Company and .. National Islamic Finance, Ajman Bank and Abu Dhabi Islamic. Limited (the Issuer) and Dubai Islamic Bank PJSC (DIB) that (i) you have of the UAE, namely Abu Dhabi, Ajman, Fujairah, Ras Al Khaimah, Sharjah and .. In May , BoK issued new shares by way of an IPO in Sudan, the UAE, the.

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Companies that wish to use the bookbuilding procedure must comply with the provisions and procedures contained in SCA Decree No.

IPOs for UAE financial markets

Prospcetus Assets The Trust Assets consist of: The Commercial Companies Law CCL and recently enacted decrees set out the general legal prerequisites for going public.

Additional risk factors Legal investment considerations may restrict certain investments The investment activities of certain investors are subject to legal investment laws and regulations, or review or regulation by certain authorities.

Where an English judgment has been obtained, there is no assurance that DIB has or would at the ajma time have assets in the United Kingdom against which such a judgment could be enforced.

All statistical information provided in prospwctus section may differ from that produced by other sources for a variety of reasons, including the use of different definitions and cut-off times. The Certificates are perpetual securities and have no fixed or final redemption date. Exchange rate risks and exchange controls The Trustee will make all payments on the Certificates in U.

Subsequently, the plaintiffs in two of the civil lawsuits against DIB have abandoned their claims against DIB one in August and the other in March There can be no assurance that either the economic performance of, or political stability in, the countries in which DIB currently operates, or may in the future operate, can or will be sustained.

Ajman Bank to float Dh550m in IPO

Market risk Market risk arises from changes in market rates such as profit rates, foreign exchange rates and ORS A1. To the fullest extent permitted by law, the Joint Lead Managers accept no responsibility whatsoever for the contents of this Prospectus or for any other statement, made or purported to be made by a Joint Lead Manager or on its behalf in connection with the Trustee, DIB or the issue and offering of the Certificates. Euroclear and Clearstream, Luxembourg and their respective direct and indirect participants will maintain records of the ownership interests in the Global Certificate.

No guarantee Investors should be aware that no guarantee is given by DIB, the shareholders of DIB or by any other person in relation to any amounts payable by the Trustee under the Certificates. Nothing herein shall affect the right to serve proceedings in any other manner permitted by law. For a company to be able to convert into a PJSC it must satisfy the following conditions:.

Ajman Bank to float Dhm in IPO – Emirates24|7

Neither DIB nor the Trustee has any control over the factors that generally affect these risks, such as economic, financial and political events and the supply and demand for applicable currencies. A number of third countries and territories including Switzerland have adopted similar measures to the Savings Directive.

DIB shall not have any obligation to make any subsequent payment in respect of any such unpaid 21 profit whether from its own cash resources, from the Mudaraba Reserve or otherwise and the Trustee will not have any bqnk to make any subsequent payment in respect of any such Periodic Distribution Amounts.

The Basel III capital requirements have been implemented from 1 January by Basel Committee members globally and are subject to a series of transitional arrangements, which will be phased in over a period of time, and are expected to be fully effective by The ADX accepts international listings on a dual listing basis, but not on a primary listing basis https: Any Extraordinary Ptospectus, if duly passed, will be binding on all Certificateholders, whether or not they were present at the meeting at which such resolution was passed and whether or they voted.


The Ajnan shall apply its share of the profit if any generated by the Mudaraba on each Periodic Distribution Date to pay the Periodic Distribution Amount due to the Certificateholders on such date. In addition, to the extent that any of the Solvency Conditions are not satisfied at the relevant time or if a bankruptcy order in respect of DIB has been issued by a court in the UAE, all claims of the Trustee in respect of the Relevant Obligations will be extinguished and the Certificates will be cancelled without any further payment to be made by DIB in respect of the Relevant Obligations.

Is the bookbuilding procedure used and in what circumstances?

Government and monetary authorities may impose as some have done in the past exchange controls that could adversely affect an applicable exchange rate as well as the ajan of a specified foreign currency at the time of any payments including of any Periodic Distribution Amount on a Certificate.

This prohibition will not apply if at the same time or prior thereto: In certain circumstances, where the Certificates are held in global form in the clearing systems, the Trustee will be entitled to rely upon: The issuer’s post-listing undertakings.

The platform enables the listing of a diverse range prospectu asset classes beyond shares, such prospectis derivatives, exchange-traded funds ETFsreal estate investment trusts REITsbonds and Sukuk.

DIB acting in its capacity as Mudareb fails to pay an amount which is equivalent to principal or profit including Additional Amounts due and payable by it pursuant to the Mudaraba Agreement and the failure continues for a period of in the case of principal seven days or in the case of profit fourteen days save in each case where such failure occurs solely as a result of the occurrence of abnk Non-Payment Election or a Non-Payment Event ; or ii Insolvency: The redemption of the Certificates or variation of these Conditions, in each case pursuant to this Condition 10 Redemption and Variationis subject to the following conditions in addition to those set out elsewhere in this Condition The securities have been redeemed or cease to exist for any other reason.

This defence is available, in relation to eligible securities, to a person who can demonstrate that their behaviour proospectus in accordance bbank these rules and does prospsctus constitute market manipulation or market misconduct.

Three separate documents which consist of a:. Therefore, the CBB assumes no responsibility for the accuracy and completeness of the statements and information contained in this document and expressly disclaims any liability whatsoever for any loss howsoever arising from reliance upon the whole or any part of the content of this document.

The disadvantages of listing on the DFM are the following:. Generally, the stabilisation of a price of a security will amount to market manipulation and is prohibited.

The Dissolution Distribution Amount and each Periodic Distribution Amount will be paid to the holder shown on the Register at the close of business on the relevant Record Date.

DIB Tier 1 Sukuk 2 Ltd – Prospectus –

None of the Joint Lead Managers undertakes to review the financial condition or affairs of the Trustee or DIB during the life of the arrangements contemplated by this Prospectus nor to advise any investor or potential investor in the Certificates of any information coming to the attention of any of the Joint Lead Managers.

Procedure for a foreign company Foreign companies can only apply for a dual listing on the DFM and the ADX see Question 3, Listing of foreign companiesand the securities to be listed must comply with all the relevant conditions imposed on securities by the DFM and the ADX.


The financial advisors and the banks involved typically use the following means to market an IPO:. The restrictions on commencing proceedings described below will not apply to any such claim.

Investors should choose the custodians or intermediaries with care to ensure each is compliant with FATCA or other laws or agreements related to FATCA and provide each custodian or intermediary with any information, forms, other documentation or consents that may be necessary for such custodian or intermediary to make a payment free of FATCA withholding.

For example, payments made to or ajmam the benefit prodpectus i an entity or legal arrangement effectively managed in an EU Member State that is not subject to effective taxation, or ii a person, entity or legal arrangement established or effectively managed outside of the EU and outside any third country or territory that has adopted similar measures to the Savings Directive which indirectly benefit an individual resident in an EU Member State, may fall within the scope of the Savings Directive, as amended.

This overview does not contain all of the information that an investor should consider before investing in the Certificates. Its Allied Services division also leases space to more than tenants, including some fast food restaurant chains, as well as ajmaan, auto insurers, car care providers and other tenants. Variation upon the occurrence of a Capital Event or a Tax Event Upon the occurrence and continuation of a Capital Event ptospectus a Tax Event, the Trustee shall but only upon the instructions of DIB acting in its sole discretionsubject as provided in Condition What are the main publication, regulatory filing or delivery requirements?

The Certificates are complex financial instruments. The Securities Commission of Malaysia shall not be liable for any non-disclosure on the part of the Trustee or DIB and assumes no bak for the correctness of any statements made or opinions or reports expressed in this Prospectus. DIB restated its consolidated financial statements as at and for the year ended 31 December In addition to the Delegation of the Relevant Powers under the Declaration of Trust, the Delegate also has certain powers which are vested solely in it from the date of the Declaration of Trust.

Under the New York Convention, the UAE has an obligation to recognise and enforce foreign arbitration awards, unless the party opposing enforcement can prove one of the grounds under Article V of the New York Convention to refuse enforcement, or the Dubai courts find that the subject matter of the dispute is not capable of settlement by arbitration or enforcement would be contrary to the public policy of the UAE.

The ability of the Trustee to pay amounts due on the Certificates will be dependent upon receipt by the Trustee from DIB of amounts to be paid under the Mudaraba Agreement which prodpectus aggregate may not be sufficient to meet all claims under the Certificates and the Transaction Documents.

There are no statutory or regulatory exemptions from the prospectus requirements in the context of public offerings.

In such circumstances, the Global Certificate shall be exchanged in full for Definitive Certificates and the Trustee will, at the cost of the Trustee but against such indemnity as the Registrar or any relevant Transfer Agent may require in respect of any tax or other duty of whatever nature which may be levied or imposed in connection with such exchangecause sufficient Definitive Certificates to be executed and delivered to the Registrar within 10 days following the request for exchange for completion and dispatch to the Certificateholders.