Abu Dhabi – Mubasher: Dana Gas has decided to postpone the phone conference on Wednesday, 22 June, with its sukuk holders to discuss the plan to restructure existing sukuk, according to a statement. The company will reschedule it to a more …
Mubasher: A report by Standard and Poor's Global Ratings (S&P) showed that assets of the Islamic finance industry amounted to $2 trillion by the end of 2016. The rating agency expects the industry to continue to grow this year, then lose some …
By: Mahmoud Gamal Riyadh – Mubasher: The CEO of Fisch Asset Management, Philipp Good, said that Saudi Arabia acquired 50% of total GCC sovereign bond issues year-to-date. “So far in 2017, sovereigns and corporates have issued around $20 billion …
Abu Dhabi – Mubasher: Dana Gas on Sunday said it filed a pre-emptive lawsuit in the English High Court of Justice in London to protect its interests against any hostile action in connection with its Sukuk Al-Mudaraba sukukholder representatives. …
Abu Dhabi – Mubasher: Dana Gas was granted on 13 June an additional injunction from the commercial division of the High Court of Justice in the British Virgin Islands (BVI), according to a bourse statement. The injunction restrains any enforcement …
Abu Dhabi – Mubasher: Dana Gas said that the Sharjah Federal Court of First Instance issued an injunction pending determination of the company’s application to have its sukuk dated 8 May 2013 deemed unlawful. The injunction restrains the trustee, …
Mubasher: The Central Bank of Bahrain (CBB) announced that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been over-subscribed by 148%, according to a statement issued on Tuesday. Subscriptions worth BHD 38.5 …
Mubasher: Meethaq Islamic Banking Company, a subsidiary of Bank Muscat, has obtained the approval of the Omani Capital Market Authority (CMA) to raise the volume of its Sukuk issuance to OMR 44.61 million. According to the bank’s statement to the …
Abu Dhabi – Mubasher: Dana Gas will discuss on Tuesday an initial proposal for restructuring existing sukuk, according to a statement. On 3 May, Dana invited the holders of its outstanding $350 million 9% ordinary certificates and $350 million 7% …
Mubasher: The total value of bond issues across the GCC in the first five months of 2017 has reached around $22 billion in sovereign and corporate bonds year-to-date, Fisch Asset Management said Sunday. The value of bonds in the six-member GCC …
Riyadh - Mubasher: The Saudi Investment Bank announced on Tuesday that it has successfully closed its transaction of issuing SAR 285 million subordinated Tier I Sukuk, according to a bourse filing. The Sukuk are compliant with Islamic Sharia …
Riyadh – Mubasher: Gulf Lifting Financial Leasing (GLFL) assigned Shariyah Review Bureau (SRB) to facilitate the management of Sharia-compliant certification and practices across the former’s leasing products and portfolio accounts. SRB will …
Mubasher: Al Baraka Banking Group has reported that its Islamic Sukuk issue was five times oversubscribed, reaching an amount of $1.6 billion. The value of the issue was initially $300 million, but was increased to $400 million on 23 …
Mubasher: The Central Bank of Bahrain (CBB) announced that the monthly issue of Sukuk Al-Salam Islamic securities has been oversubscribed by 205%. CBB noted that BHD 88 million worth subscriptions were received for the BHD 43 million issue, …
Mubasher: Al Baraka Banking Group will hold a meeting with a consortium of banks to arrange the issue of US dollar-denominated sukuk, according to a bourse statement issued on Tuesday. Al Baraka has mandated Standard Chartered Bank as the global …
