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Islamic Finance

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12 March 01:00 PM Cenomi Centers concludes $100m sukuk private placement
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, …
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6 March 03:41 PM Al Rajhi Bank issues $1bn sustainable sukuk
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 …
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4 March 01:30 PM Al Rajhi Bank to issue USD-denominated sukuk
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 …
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3 March 11:34 AM Cenomi Centers completes $500m sukuk issuance
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 …
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27 February 11:59 AM Cenomi Centers to offer USD-denominated Sukuk
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 …
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26 February 12:30 PM Saudi German Hospital concludes SAR 1bn Sukuk offering
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, …
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21 February 11:04 AM SNB completes offering $850m USD-denominated Sukuk
Riyadh – Mubasher: Saudi National Bank (SNB) has concluded its offering of 4,250 USD-denominated senior unsecured Sukuk at a value of $850 million. The sukuk was offered at a par value of $200,000 with an annual return of around 5.13% over a …
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19 February 11:20 AM SNB plans to offer USD-denominated Sukuk to local, int’l investors
Riyadh – Mubasher: Saudi National Bank (SNB) unveiled a plan to issue USD-denominated senior unsecured Sukuk under its updated international Sukuk programme, which was launched in December 2023. The planned sukuk are set to be issued through a …
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31 January 05:17 PM MENA green bonds see 155% jump in issuances; UAE, Saudi Arabia lead
Mubasher: The UAE and Saudi Arabia have dominated regional green bond league tables in 2023 with a combined 77% of total issuances in MENA, based on data from Bloomberg’s Capital Markets League Tables. The region witnessed an annual surge of 155% …
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18 January 12:54 PM Banque Saudi Fransi commences US dollar-denominated offering
Riyadh – Mubasher: Banque Saudi Fransi began issuing US dollar-denominated certificates for eligible investors in Saudi Arabia and internationally, according to a bourse filing. Under the trust certificate issuance programme, the offering will …
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18 December 2023 07:15 PM PIF-owned SRC issues SAR 3.5bn Sukuk
Riyadh - Mubasher: The Saudi Real Estate Refinance Company (SRC), a fully owned subsidiary of the Public Investment Fund (PIF), completed its latest Sukuk issuance of SAR 3.50 billion, according to a press release. SRC noted that the issuance …
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18 December 2023 01:49 PM Bloomberg, IdealRatings launch Sharia-aligned Sukuk indicator
Mubasher: Bloomberg and IdealRatings have jointly launched Islamic Sharia-compliant indicator for Sukuk on the Bloomberg Terminal to meet the increasing demand for Islamic fixed-income securities from global investors, according to a press …
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13 December 2023 03:28 PM FAB’s unit in Egypt inaugurates new Islamic branch
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), a private bank of the UAE lender FAB in Egypt, has opened its new Islamic branch in the Fifth Settlement in New Cairo area to operate in line with Sharia terms and Islamic finance. The branch …
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11 December 2023 08:12 PM ADIB lists world’s 1st USD-denominated Green Sukuk
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) listed the first USD-denominated green Sukuk in the world on Abu Dhabi Securities Exchange (ADX) on 8 December 2023 and was more than 5 times oversubscribed, according to a press release. The …
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26 November 2023 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 2023 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 2023 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 2023 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 2023 00:41 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 2023 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 2023 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 2023 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 2023 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 2023 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 2023 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 …