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Sukuk and Islamic Finance

The five-year Sukuk was offered through a private placement in 2016
4 March 12:12 PM Sipchem plans early redemption of SAR 1bn Sukuk
Riyadh – Mubasher: Sahara International Petrochemical Company (Sipchem) on Thursday announced the proposed early redemption of its SAR 1 billion Sukuk in full at face value. The Sukuk was offered through a private placement in 2016 for an amount …
The team implemented its first two transactions from Russia
23 February 12:32 PM Emirates NBD Capital completes 60 debt capital transactions in 2020
Dubai – Mubasher: Emirates NBD Capital, the investment banking arm of Emirates NBD, has completed 60 debt capital transactions in 2020 across the GCC, Turkey,  India, China, and Russia. Emirates NBD Capital ranked third in terms of the number of …
The company will also allow the board to issue additional Tier 1 non-convertible Sukuk
21 February 11:00 AM DIB's shareholders to authorise board to issue senior, additional Tier 1 Sukuk
Dubai – Mubasher: The shareholders of Dubai Islamic Bank (DIB) will consider authorising the board to issue any senior Sukuk or similar instruments, which are not convertible into shares, at a total amount not exceeding $7.5 billion. During its …
The listing request was submitted by the Saudi Ministry of Finance
18 February 04:42 PM Tadawul approves government debt instruments listing
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has approved to list the debt instruments from a class already listed, issued by the  Saudi government at a total value of SAR 3.16 billion. The listing request was submitted by the …
The Sukuk issuances were divided into two tranches.
17 February 12:28 PM Saudi MoF closes February issue of local Sukuk Program at SAR 3.16bn
Riyadh – Mubasher: The Saudi National Debt Management Center (NDMC) has closed the February 2021 issuance under the Saudi Arabian Government SAR-denominated Sukuk Program. The issuance size was set at SAR 3.160 billion, the Ministry of Finance …
The Sukuk has a 10-year maturity period
9 February 04:50 PM Riyad Bank completes Tier 2 capital-eligible Sukuk issuance
Riyadh – Mubasher: Riyad Bank has completed the issuance of SAR-denominated Tier 2 capital-eligible Sukuk worth SAR 3 billion. A total of 3,000 Sukuk were offered by way of a private placement in Saudi Arabia with a nominal value of SAR 1 million, …
The total number of primary issuances during last year totalled 360.
3 February 02:28 PM Bonds, Sukuk primary issuances in GCC see value rising to $132.7bn in 2020
Mubasher: Primary debt issuances in the GCC region set a new record for the total value of issuances raised in one year, despite the double blow of the Covid-19 outbreak and the subsequent decline in oil prices, according to Kuwait Financial …
A total of 6,250 Sukuk were offered at a par value of $200,000 each.
26 January 04:53 PM NCB offers USD-denominated Additional Tier 1 Sukuk at SAR 1.25bn
Riyadh – Mubasher: The National Commercial Bank (NCB) has completed the offering of US dollar-denominated Additional Tier 1 Sukuk. The offering value amounts to SAR 1.25 billion. A total of 6,250 Sukuk were offered at a par value of $200,000 each, …