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mandatory

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
mandatory
required by law.

mandatory continuing education
participation in a continuing education program is a prerequisite for continued registration in some countries.


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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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