Riyadh – Mubasher: Saudi Arabia-based Osool and Bakheet Investment Company on Tuesday said that the subscription of Al Maather Real Estate Investment Traded Fund (Al Maather REIT) was closed at a coverage ratio of 1520%. Investors and companies …
By: Amr Adel Dubai – Mubasher: Gulf Navigation Holding plans to issue sukuk worth $250 million in September to fund buying new ships, CEO Khamis Juma Buamim said on Monday. The firm plans to expand in Abu Dhabi, Fujairah, and Khor Fakkan in the …
Cairo - Mubasher: The data of the Egyptian Ministry of Finance (MoF) showed a rise in the average return on governmental debt instruments by 1.42% during Sunday’s auction. The ministry said that the average return on the 91-day treasury bills …
Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) has launched a second tranche of its Healthcare Pharmaceuticals Equities Basket Note following, according to a press release. The bank said in a statement on Saturday that the moves comes due to …
Cairo – Mubasher: Egypt is planning to issue Eurobonds worth between EUR 1 billion and EUR 1.5 billion in the period between September and October, government sources said, according to Al Borsa newspaper. The sources added that the issue will be …
Kuwait – Mubasher: The Central Bank of Kuwait (CBK) on Wednesday issued securitisation bonds for KWD 175 million, with a duration of three months. These bonds were oversubscribed four times, with a return of 1.5%. The issuance took place on 13 …
Mubasher: The Central Bank of Bahrain (CBB) announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been over-subscribed by 148%, according to a statement issued on Tuesday. Subscriptions worth BHD 38.5 …
Mubasher: Meethaq Islamic Banking Company, a subsidiary of Bank Muscat, has obtained the approval of the Omani Capital Market Authority (CMA) to raise the volume of its Sukuk issuance to OMR 44.61 million. According to the bank’s statement to the …
