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Mandate
(redirected from mandatory)

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Mandate
Allocation of funds to an investment manager to be managed for a specific purpose or style. Also refers to the formal appointment to advise on or arrange a project financing.

Mandate
1. See: Order.

2. The appointment of a person to make arrangements for the financing of a project.


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Ithmaar Bank chairman Khalid Abdulla Janahi announced that the bank intends, as part of its capital-raising exercise, to offer a rights issue and launch a five-year mandatory convertible sukuk, the Islamic equivalent of mandatory convertible bond issue.
18 (BNA) -- ITHMAAR BANK PLANS TO RAISE UP TO 500 MILLION DOLLARS THROUGH A COMBINATION OF A RIGHTS ISSUE, A MANDATORY CONVERTIBLE SUKUK AND AN EQUITY LINE OF CREDIT, OFFICIALS ANNOUNCED YESTERDAY AND PUBLISHED BY THE GULF DAILY NEWS.
Through a combination of a rights issue, a mandatory convertible sukuk and an equity line of credit, the Islamic lender is to boost its liquidity position, said chairman Khalid Abdulla Janahi.
 
 
 
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