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Islamic Finance

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26 November 02:01 PM Jabal Omar completes redemption of $135m Sukuk
Riyadh – Mubasher: Jabal Omar Development Company has fully redeemed its Sukuk at an aggregated value of $135 million, according to a bourse disclosure. The listed firm pointed out that the value of the redeemed Sukuk reached $67.50 million, …
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26 November 01:17 PM Bank of Sharjah leads $350m Sukuk issuance for Ittihad
Abu Dhabi – Mubasher: Bank of Sharjah acted as a joint lead manager and bookrunner in a $350 million Sukuk issuance for UAE-based Ittihad International Investment LLC, according to a press release. The listed lender participated in the 144A/Reg S …
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4 October 04:19 PM SAB plans to issue SAR-denominated Tier 1 Sukuk
Riyadh – Mubasher: Saudi Awwal Bank (SAB) intends to issue SAR-denominated Tier 1 Sukuk through a private placement in Saudi Arabia. SAB mandated HSBC Saudi Arabia to be the sole arranger and dealer for the programme establishment, offering, and …
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27 September 05:43 PM ADIB redeems USD-denominated Sukuk issued 5 years ago
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has recently completed the planned redemption of its $750 million additional tier-one (AT1) perpetual sukuk on the first call date. The Sukuk notes, which were redeemed on 20 September 2023, were …
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27 July 12:41 PM Saudi Dar Al Arkan Sukuk lists $600m securities on Nasdaq Dubai
Riyadh – Mubasher: Dar Al Arkan Sukuk Company, a subsidiary of the Saudi Dar Alarkan Real Estate Development Company, has listed $600 million worth of Sukuk on Nasdaq Dubai. The listing will be under the $2.50 billion Trust Certificate Issuance …
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20 July 07:34 PM Sobha Realty lists 5-year Sukuk on Nasdaq Dubai
Dubai – Mubasher: UAE-based real estate developer Sobha Realty has debuted a listing of $300 million Sukuk on Nasdaq Dubai on 19 July 2023. The Sukuk holds a five-year tenor and achieves significant milestones, including the first-of-kind call …
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18 July 08:52 AM Almarai commences USD-denominated certificates offering
Riyadh – Mubasher:  Almarai Company has started the offering of its USD-denominated trust certificates at a par value of $200,000 under the $2 billion Trust Certificate Issuance Programme. Holding a tenor of 10 years, the offering will take place …
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1 June 10:57 AM Bank Aljazira plans to issue SAR-denominated Sukuk programme
Riyadh – Mubasher: Bank Aljazira intends to offer domestic the SAR-denominated Tier 1 Sukuk issuance programme at a value of up to SAR 5 billion by way of a private placement. The lender has assigned AlJazira Capita as the sole arranger to handle …
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14 May 11:21 AM UAE collaborates with Bloomberg, Euroclear Bank to offer solution for Islamic bonds
UAE – Mubasher: The UAE Ministry of Finance teamed up with Bloomberg and Euroclear Bank to launch a new auction solution which will enable the ministry, in collaboration with the Central Bank of the UAE (CBUAE), to issue dirham-denominated Islamic …
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5 April 04:53 PM Emirates NBD arranges Al Rajhi Bank’s $1bn inaugural Sukuk
Mubasher: The UAE’s Emirates NBD has priced a $1 billion Senior Unsecured Sustainable Sukuk for Saudi Arabia-based Al Rajhi Bank that was oversubscribed 3.75 times. Emirates NBD was the joint lead manager and bookrunner for the five-year Sukuk, …
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29 January 05:13 PM Cenomi Centers unveils over SAR 4bn Sukuk programme
Riyadh – Mubasher: The shareholders of Arabian Centres Company (Cenomi Centers) approved the establishment of a Sharia-aligned Sukuk Programme for two years, effective from the launch date. The Sukuk programme will hold a value of up to SAR 4.50 …
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29 January 03:47 PM Scientific & Medical Equipment House pens Islamic loan deal with Alinma Bank
Riyadh – Mubasher: Scientific & Medical Equipment House Company has signed a Sharia-compliant facility agreement with Alinma Bank, where the firm obtained SAR 265 million. The company will use the proceeds of the financing to endorse its awarded …
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24 January 02:07 PM SAIB announces redemption, raising value of Tier 1 Capital Sukuk
Riyadh – Mubasher: The Saudi Investment Bank (SAIB) plans to redeem the Additional Tier 1 Capital Sukuk that was announced on 21 March 2018 at a value of SAR 1 billion, according to a bourse disclosure. SAIB issued the 1,000 Sukuk notes through a …
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17 January 05:02 PM Hilwa plans to issue SAR-denominated Sukuk
Riyadh – Mubasher: Al Jouf Mineral Water Bottling Company (Hilwa) intends to offer SAR-denominated Sukuk as part of its Ijarah Sukuk programme, according to a bourse filing. The Saudi firm appointed Sukuk Financial Company as the sole arranging …
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20 December 2022 03:53 PM Nama Chemicals secures SAR 90m loans from Riyad Bank, NBK
Riyadh – Mubasher: Nama Chemicals Company obtained SAR 90 million facilities from Riyad Bank and the National Bank of Kuwait (NBK) on 19 December 2022, according to a bourse disclosure. The Saudi firm penned a Murabaha facility deal worth SAR 60 …
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20 December 2022 00:03 PM Al Babtain Power secures SAR 200m loan from Banque Saudi Fransi
Riyadh – Mubasher: Al Babtain Power and Telecommunication Company penned a long-term banking facility agreement worth SAR 200 million with Banque Saudi Fransi on 19 December 2022. The Islamic tawarruq finance, which is valid for five years, is …
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23 November 2022 05:41 PM DIB prices $750m from inaugural sustainable Sukuk
Dubai – Mubasher: Dubai Islamic Bank (DIB) has issued its $750 million inaugural sustainable Sukuk, which was announced last February, according to a press release. The issuance comes in line with DIB’s sustainable finance framework which aims to …
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15 November 2022 04:19 PM Al Rajhi Bank raises SAR 10bn from Tier 1 Sukuk offering
Riyadh – Mubasher: Al Rajhi Bank has closed the offering of SAR-denominated Tier 1 Sukuk at a total value of SAR 10 billion, according to a bourse disclosure. The total number of Sukuk notes reached 10 million at a par value of SAR 1,000 each. …
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6 October 2022 05:23 PM Riyad Bank secures SAR 3.75bn from Additional Tier 1 capital Sukuk offering
Riyadh – Mubasher: Riyad Bank closed the offering of SAR-denominated Additional Tier 1 capital Sukuk on 5 October 2022 at a total value of SAR 3.75 billion through a private placement. Based on the minimum denomination and total issue size, the …
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18 September 2022 09:23 PM SNB raises SAR 3.3bn in Additional Tier 1 Sukuk offering
Riyadh – Mubasher: Saudi National Bank (SNB) has closed the offering of SAR-denominated Additional Tier 1 Sukuk at a value of SAR 3.30 billion. Based on the minimum denomination and total issue size, the total number of Sukuk reached 3,300 notes …
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18 September 2022 08:26 PM Almarai completes redemption of SAR 1.6bn Sukuk – Series V
Riyadh – Mubasher: Almarai Company has fully redeemed its SAR 1.60 billion Sukuk – Series V on 16 September 2022. Issued on 16 September 2015, a total of 1,600 Sukuk notes were redeemed at a par value of SAR 1 million each, according to a bourse …
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11 September 2022 01:35 PM Saudi PIF reportedly expected to issue green bonds soon
Riyadh – Mubasher: Saudi Arabia's Public Investment Fund (PIF) is expected to tap international debt markets for a debut green bonds issue as soon as this week, Reuters reported citing five sources familiar with the matter.    For months, the $620 …
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8 September 2022 09:34 AM Riyad Bank starts offering Additional Tier 1 capital Sukuk
Riyadh – Mubasher: Riyad Bank started on Thursday issuing SAR-denominated Additional Tier 1 capital Sukuk by way of a private placement in Saudi Arabia. The amount and terms of the Sukuk offer will be determined as per market conditions, according …
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28 August 2022 09:41 AM SNB starts offering SAR-denominated Additional Tier 1 Sukuk
Riyadh – Mubasher: Saudi National Bank (SNB) has started offering SAR-denominated Additional Tier 1 Sukuk at a par value of SAR 1 million. The bank will determine the amount and terms of the offered Sukuk based on market conditions, according to a …