Mubasher: Primary debt issuances of bonds and sukuk in the Gulf Cooperation Council (GCC) countries surged to $75.50 billion in the first half (H1) of 2024, marking a 38% year-on-year (YoY) increase from $54.80 billion. Saudi Arabia led the GCC …
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) reported net profits before tax worth AED 5.02 billion in the first half (H1) of 2024, signalling a 28% annual increase from AED 3.92 billion. In addition, the net profits after tax of ADCB …
UAE – Mubasher: Dubai developer Binghatti saw record interest for its recent $200 million sukuk tap, receiving around $2.10 billion in orders. That represented an oversubscription of approximately 420% backed by global investors, according to a …
Mubasher: Offa, the first Shari’a-aligned bridge finance fintech based in the UK, unveiled a buy-to-let finance (BTL) service to offer fast funding decisions by carrying out a modern paperless process, according to a press release. The new Islamic …
Riyadh – Mubasher: The Islamic Development Bank (IsDB) is providing financing for 200 megawatts (MW) solar farm and 500 MW battery storage projects in Uzbekistan's Tashkent region. The historic renewable energy venture, sponsored by Saudi firm …
UAE – Mubasher: Nasdaq Dubai welcomed three Sukuk issued by Indonesia at a combined value of $2.35 billion, under its $35 billion Trust Certificate Issuance Programme. The new listings reinforce Dubai's position as the world's leading centre for …
Riyadh – Mubasher: Prefect presentation for commercial services Company (2P Prefect Presentation) has signed a Sharia-aligned increase facility agreement with Riyad Bank on 10 July 2024. The facility agreement holds a value of SAR 121 million …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank’s (ADIB) sustainable finance reached AED 5.56 billion in 2023, including the issuance of the world's largest green sukuk by a bank, raising $500 million. ADIB has set net-zero targets for Scope 1 and …
UAE – Mubasher: Nasdaq Dubai has announced the listing of a $400 million Sukuk by Arada Developments, a UAE-based master developer. This is Arada's second listing on Nasdaq Dubai and the first under their new $1 billion Sukuk programme, according …
Riyadh – Mubasher: The Saudi sukuk and debt instruments market reached 18.30% of GDP by the end of 2023, with 70 sukuk and debt instruments listed on the capital market. The funds raised from sukuk and debt instrument offerings amounted to SAR …
Dubai – Mubasher: Nasdaq Dubai has welcomed Emirates Islamic Bank's debut $750 million sustainability sukuk issuance under its $2.50 billion programme. The five-year sukuk took the bank's total listings on Nasdaq to $2.02 billion across four …
Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed a $5 billion (SAR 18.75 billion) international trust certificate (sukuk) issuance programme. The sukuk issuance, divided into three tranches, received total orders …
Dubai – Mubasher: Emirates Islamic Bank has issued a $750 million five-year senior unsecured sustainability sukuk. The sukuk issuance received great demand from investors across different regions and was oversubscribed 2.80 times, according to a …
Riyadh – Mubasher: Saudi Arabia’s National Debt Management Center (NDMC) has closed a SAR 3.23 billion sukuk issuance. The sukuk issuance is divided into two tranches and a part of the government SAR-denominated sukuk programme, according to the …
Riyadh – Mubasher: Al Rajhi Bank has completed the issuance of $1 billion USD-denominated additional tier 1 capital sustainable sukuk. A total of 5,000 sukuk were sold for $200,000 per each, according to a bourse filing. The sukuk have no fixed …
Abu Dhabi – Mubasher: Aldar Investment Properties (AIP), a subsidiary of Aldar Properties, has issued a $500 million green sukuk. The 10-year issuance is a part of a $2 billion trust certificate issue programme launched in 2023, according to a …
Riyadh – Mubasher: Al Rajhi Bank has announced plans to issue USD-denominated additional tier 1 capital sustainable sukuk under its international sukuk programme. The offering is expected to be conducted through a special purpose vehicle to Saudi …
Abu Dhabi – Mubasher: Global rating agency Moody's has upgraded the Baseline Credit Assessment (BCA) and Adjusted BCA of Abu Dhabi Islamic Bank (ADIB) to 'baa3' from 'ba1'. Moody's affirmed ADIB’s local and foreign currency long-term issuer …
Dubai – Mubasher: Drake & Scull International’s (DSI) general assembly has approved a restructuring plan. The restructuring plan will apply to 4 entities; Drake & Scull International PJSC, Drake & Scull International LLC, Drake & Scull Engineering …
Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) has completed a private placement issuance of additional sukuk worth $100 million. The additional issuance will be a part of the $500 million sukuk issued on 6 March 2024 and due 2029, …
Riyadh – Mubasher: Al Rajhi Bank has concluded the issuance of $1 billion USD-denominated Shari’ah-compliant sustainable Sukuk. A total of 5,000 sukuk were sold for $200,000 per each, according to a bourse filing. The sukuk have a maturity of five …
Riyadh – Mubasher: Al Rajhi Bank has announced plans to issue USD-denominated sukuk under its international sukuk programme. The offering is expected to be conducted through a special purpose vehicle to local and international investors, according …
Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) has concluded the issuance of international USD-denominated Shari’ah-compliant Sukuk worth $500 million. A total of 2,500 sukuk were sold at a price of $200,000 per each, according to a …
Riyadh – Mubasher: Arabian Centres Company (Cenomi Centers) plans to issue USD-denominated Shari’ah-compliant Sukuk, according to a bourse statement. The Saudi firm also announced a tender offer on its existing $500 million Trust Certificates due …
Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) has completed the issuance of SAR 1 billion Sukuk. The sukuk was offered at a par value of SAR 1,000 with an annual return of around 7.20% over a five-year maturity, …
