Mubasher: Sukuk issuance will contract by 5% to around $170 billion in 2020 due to the coronavirus (COVID-19) pandemic, which is set to be limited by the financing needs in the GCC countries due to low oil prices, according to Moody's Investors …
Dubai - Mubasher: Khaleeji Commercial Bank has closed $159 million Sukuk issuance fully covered by GFH Financial Group as the sole subscriber, according to a press release on Wednesday. Issued following the approval of regulatory authorities and …
Dubai - Mubasher: Khaleeji Commercial Bank has successfully issued Sukuk worth $159 million, subject to approvals from regulatory authorities and the extraordinary general meeting (EGM). Shareholders supported the bank to issue Additional Tier 1 …
Abu Dhabi – Mubasher: Dana Gas has appointed Houlihan Lokey as its financial adviser for its Nile Delta Sukuk worth $379.6 million (AED 1.393 billion). The Nile Delta Sukuk matures on 31 October 2020, according to a press release on Sunday. It is …
Riyadh - Mubasher: Saudi British Bank (SABB) has completed the first offering of Tier II SAR-denominated Sukuk for private placement in Saudi Arabia under its local Sukuk programme at a total value of SAR 5 billion. The total number of Sukuk …
Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced that its subsidiary Sarwa Sukuk is set to issue EGP 2.5 billion Sukuk. Sarwa Sukuk has submitted the prospectus for the issuance to the Financial Regulatory Authority …
Cairo – Mubasher: Amer Group Holding Co announced signing a protocol of cooperation with Sarwa Promotion and Underwriting and Misr Capital Investments to conduct an initial study for the company’s first Sukuk issuance. Under the protocol, the two …
Dubai - Mubasher: DP World has rung the market-opening bell to celebrate the listing of $1.5 billion perpetual Sukuk on Nasdaq Dubai, according to a press release on Wednesday. Proceeds from the Sukuk issuance will be utilised for general …
Riyadh -Mubasher: The Saudi British Bank (SABB) announced on Monday the first offering of Tier II SAR denominated Sukuk for private placement under its newly-established local Sukuk programme. The issuance size shall be determined as per market …
Riyadh -Mubasher: The Saudi British Bank (SABB) intends to update and amend its previously established international Sukuk programme and set up a local Sukuk programme. Through the two Sukuk programmes, SABB will issue and offer senior …
Mubasher: Kuwait International Bank (KIB) has received preliminary approval from the Central Bank of Kuwait (CBK) on 30 June for a Sukuk issuance programme. The value of the issuance is up to KWD 2 billion, or the equivalent in other currencies. …
Dubai - Mubasher: Nasdaq Dubai has welcomed Indonesia's listing of three Sukuk at a total value of $2.5 billion, oversubscribed 6.7 times by investors including international investors from Asian and Middle East countries. Aiming to fund economic …
Dubai - Mubasher: Nasdaq Dubai has welcomed Dubai Islamic Bank's (DIB) listing of $300 million Sukuk, aiming to support the bank's customers amid the challenging market conditions. The issuance was a tap on a $1 billion Sukuk listed by the bank on …
UAE - Mubasher: Nasdaq Dubai has welcomed the $1.5 billion Sukuk listing of the Islamic Development Bank (IsDB), according to a press release on Sunday. The IsDB seeks to raise funds to supports the coronavirus (COVID-19) relief initiatives, …
Dubai - Mubasher: DP World is expected to sell perpetual Sukuk of $1.5 billion at 6.125%, Reuters reported, citing a document published on Wednesday, 24 June. DP World has set the price guidance after it began marketing the Sukuk, which …
Abu Dhabi – Mubasher: Nasdaq Dubai has welcomed Sharjah Islamic Bank's listing of a $500 million Sukuk to support its activities and strategic development. Oversubscribed 7.2 times, the five-year Sukuk has attracted 150 regional and international …
Dubai - Mubasher: Dubai Islamic Bank (DIB) has sold $300 million in the reopening of its existing Sukuk issuance due in 2026, according to Reuters. The bank has set a margin of return at 240 basis points (bps) over midswaps for the reopening of …
Dubai - Mubasher: Dubai Islamic Bank (DIB) is forecast to sell an instrument of over $200 million of its existing Sukuk issuance due in 2026, Reuters reported on Tuesday. The bank has tightened the price guidance for the notes at 240-245 basis …
Riyadh - Mubasher: Arabian Aramco Total Services Company (AATSC), a subsidiary of Saudi Aramco Total Refining and Petrochemical Company (SATORP), on Monday announced the partial redemption of its semi-annually scheduled Sukuk. A sum of SAR 138.7 …
Dubai - Mubasher: Emirates NBD Capital has closed the first US dollar sustainability Sukuk of the Islamic Development Bank (IsDB) at a total value of $1.5 billion. Emirates NBD's investment banking arm was the joint lead manager and bookrunner for …
Abu Dhabi – Mubasher: Sharjah Islamic Bank (SIB) successfully issued five-year Sukuk worth $500 million (AED 1.83 billion), which was 7.2 times oversubscribed, according to the Emirates News Agency (WAM). The Sukuk saw strong demand from local and …
UAE - Mubasher: Nasdaq Dubai has welcomed Dubai Islamic Bank's (DIB) $1 billion Sukuk listing, according to a press release on Tuesday. Aiming to reinforce the DIB's measures to support customers and companies amid the challenging market …
Riyadh – Mubasher: Najran Cement Company on Sunday announced that it has fully paid off the existing Sukuk worth SAR 355 million. The payment process was financed via a SAR 355 million Sharia-compliant loan from Bank AlJazira that was received on …
UAE - Mubasher: The Islamic economy's contribution to Dubai's gross domestic product (GDP) grew by 2.2% to AED 41.8 billion in 2018, compared to AED 40.95 billion in 2017, Dubai media office reported, citing the latest figures by the Dubai …
Abu Dhabi – Mubasher: Sharjah Islamic Bank (SIB) has hired banks to sell benchmark US dollar-denominated Sukuk, which would be valued at $500 million, sources reportedly told Reuters. The $500-million projected size of the issuance could increase …
