ECM WATCH- Matouk Bassiouny & Ibrahim has closed a rights issue for Ajman Bank, the UAE-basedshariah-compliant lender, the firm said in a statement. The transaction raised nearly AED 420 mn in a fully-subscribed rights issue. Emirates NBD Capital was lead manager and sole bookrunner for the transaction, while Emirates NBD was lead receiving bank. Ahmed Ibrahim, managing partner at the firm’s Dubai office, led the transaction for Matouk Bassiouny & Ibrahim.

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