The FIMBank bond issue which opened this morning closed after 90 minutes due to overubscription.

The bank said that applications in excess of the over-allotment limit of 30 million euros were received.

Group chairman Najeeb H M Al-Saleh expressed satisfaction that the investment interest came from a cross-section of personal, corporate and institutional investors, with the majority of them being totally new to the group.

He said this was not just a vote of confidence in the bond Issue but in FIMBank’s business model and strategy.

The basis of acceptance and allocation policy will be announced in the coming days.

The information will also be available on the Issuer’s website www.fimbank.com.

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