Riyadh – Mubasher: The Saudi Investment Bank (SAIB) intends to redeem its outstanding SAR 500 million Additional Tier 1 Capital Sukuk on 21 November. The Sukuk was issued through a private placement on 21 November 2016, according to a bourse …
Riyadh – Mubasher: Al Kathiri Holding Company has announced its intention to issue local Sharia-compliant Sukuk worth SAR 500 million. The company seeks to market Saudi riyals-denominated Sukuk to accomplish general corporate purposes and meet its …
Dubai – Mubasher: Dubai Islamic Bank (DIB) plans to issue US dollar-denominated senior Sukuk, which could be around $500 million in size, sources told Reuters. DIB has hired the banks to arrange the deal, which is expected to be executed next …
Cairo – Mubasher: Egypt is set to issue the first batch of sovereign Sukuk in the second half (H2) of fiscal year (FY) 2021/2022 in a move aimed at providing the required finance for the country's investment projects. The timing, size, and type …
Cairo – Mubasher: Egypt's President Abdel Fattah El-Sisi approved a law on the issuance of sovereign Sukuk, after being passed by the House of Representatives. The law will regulate the issuance of sovereign bonds in accordance with the Islamic …
Riyadh – Mubasher: Alujain Holding Corporation has signed an Islamic Murabaha facility agreement with Alinma Bank to obtain funding worth SAR 1 billion. The Murabaha loan has an eight-year duration from 16 August 2021, according to a bourse filing …
Cairo - Mubasher: Banque Misr and BM Lease signed a medium-term Musharaka finance agreement worth EGP 700 million with Bonyan for Development and Trade. Banque Misr will contribute EGP 650 million or 93% to the seven-year loan, while BM lease will …
Cairo - Mubasher: Contact Financial Holding has closed its second Sukuk issuance worth EGP 2.5 billion by its Sukuk arm, Sarwa Sukuk Company. The Shariah-compliant Mudaraba Sukuk, which has a seven-year tenor, received a high credit rating of A- …
Riyadh – Mubasher: Arabian Centers Company has offered 1,125 USD-denominated Sukuk ll Re-Tap at a total value of $225 million. The Shariah-compliant notes were offered at a par value of $200,000 per note, holding a 5.5-year maturity until 7 …
Riyadh – Mubasher: Arabian Centres Company has commenced issuing Shariah-compliant Sukuk in USD, according to a bourse disclosure on Tuesday. The USD-denominated Sukuk will be part of outstanding notes worth $650 million that were issued on 7 …
Dubai – Mubasher: Emaar Properties has celebrated the listing of a $500 million Sukuk of a 10-year tenor on Nasdaq Dubai. The Sukuk issuance is part of the company's $2 billion trust certificates issuance programme solely listed on Nasdaq Dubai, …
Cairo - Mubasher: The board of directors of Abu Dhabi Islamic Bank-Egypt (ADIB Egypt) approved a decision to proceed with setting up a Sukuk company. The company will be established with an authorised capital of EGP 100 million and issued capital …
Riyadh - Mubasher: Alinma Bank completed the offering of additional Tier 1 Sukuk worth SAR 5 billion through a private placement. The total number of Sukuk amounted to 5,000 at a par value of SAR 1 million each, the bank said in a bourse …
Dubai – Mubasher: Emaar Properties has signed the final terms relating to the issuance of $500 million trust certificates with an annual return of 3.7%. Due in 2031, the senior unsecured Sukuk will be issued under the company’s $2 billion Trust …
Riyadh – Mubasher: Bank AlJazira has completed selling USD-denominated Sukuk at a total value of $500 million, according to a bourse disclosure on Tuesday. The volume of the perpetual Tier 1 capital certificates totalled 2,500 Sukuk notes at …
Dubai – Mubasher: Emaar Properties is expected to secure up to $500 million through 10-year US dollar-denominated Sukuk, Reuters reported. Emaar has set initial price guidance of around 4.25% for the Sukuk, as shown by a cited document from one of …
Cairo - Mubasher: The Egyptian House of Representatives gave final approval to the draft law of sovereign Sukuk, the Middle East News Agency (MENA) reported on Monday. The law was passed after being approved by Al-Azhar institution, the Financial …
Dubai – Mubasher: Emaar Properties has hired banks to arrange for the issuance of the US dollar-denominated senior unsecured Sukuk of a 10-year tenor. The Sukuk will be issued under the company's $2 billion trust certificate issuance programme, …
Riyadh – Mubasher: Bank AlJazira, through BAJ Sukuk Tier 1 Limited, has started today, 24 June, offering USD-denominated Tier 1 capital certificates at a minimum subscription and par value of $200,000. The bank will continue to issue the perpetual …
Cairo - Mubasher: The Egyptian Ministry of Finance affirmed that the country's assets backing its planned sovereign Sukuk will neither be mortgaged nor sold. The sovereign Sukuk will be used as a new financial instrument for diversifying the …
Riyadh - Mubasher: Mohammed Hassan Al Naqool Sons Co. received a SAR 4.7 million Shariah-compliant financing from Tamweel Aloula Company. The funding will be used to purchase equipment in order to boost production capacity, the company said in a …
Riyadh – Mubasher: Arabian Aramco Total Services Company (AATSC), a subsidiary of Saudi Aramco Total Refining and Petrochemical Company (Satorp) has redeemed SAR 176.99 million of Sukuk as scheduled every six months. The value represented 4.72% of …
Riyadh – Mubasher: Bank Aljazira announced that BAJ Sukuk Tier 1 Limited intends to issue USD-denominated Tier 1 capital certificates at a total amount not exceeding $500 million through a private placement. The Sukuk can be redeemed after five …
Riyadh – Mubasher: Saudi Arabian Oil Company (Saudi Aramco) has raised $6 billion by issuing USD-denominated international trust certificates. Aramco completed on 17 June the Sukuk issuance of 30,000 notes at a par value of $200,000 each, …
UAE - Mubasher: Nasdaq Dubai has welcomed the listing of a $600 million Sukuk by Ahli United Bank (AUB), a Kuwaiti financial institution. The Tier 1 Capital Certificates has attracted over $ 1.7 billion in orders, according to a press release on …
