Islamic Finance

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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 …

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 …

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 …

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 …

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 …

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 …