NEWS in BRIEF
ICIEC-led Promoters Launch Co-Guarantee Platform for Africa (CGPA) to Increase the Volume of Insurance and Guarantee Solutions for Project Sponsors and their Bankers Jeddah – Shariah-compliant export credit and investment…
GFH Financial Succesfully Prices US$300m Sukuk Wakala/Tawarruq as Group Eyes More Realty Transactions in the US and UK
Bahrain-based GFH Financial Group, formerly Gulf Finance House, successfully priced a US$300 million Sukuk Wakala/Tawarruq on 22 January 2020. The Sukuk, which has a tenor of 5 years and matures…
Saudi DMO Starts 2020 with a Two-Tranche SR6.72bn Sovereign Domestic Sukuk as 2019 Issuance Buoyancy Continues
The Debt Management Office (DMO) of the Saudi Ministry of Finance (MoF) started the year 2020 in a buoyant mood with a SR6.72 billion (US$1.79 billion) domestic Sukuk offering on…
Kuwait’s Boubyan Bank Returns to the Market with US$750m Benchmark Sukuk Which was Six Times Oversubscribed
Kuwait’s Boubyan Bank is the latest GCC financial institution to issue a Sukuk at the start of 2020. In a disclosure to Boursa Kuwait, Adel Abdul Wahab Al Majed, the…
QIB Successfully Prices Debut US$800m Formosa Sukuk as Qatari Banks Venture into more Exotic Markets to Raise Funds
Another sign that GCC Islamic banks are becoming more adventurous and mature in their fund-raising diversification strategies is the latest foray by Qatar Islamic Bank (QIB), the oldest and largest…
Market Anticipation as UK Inches Towards Second Sovereign Sukuk Issuance as Tender for Syndication Banking Services closes in January 2020
Cagamas Berhad, the National: The UK inched closer towards issuing its second sovereign Sukuk in January 2020 when the UK Debt Management Office (DMO) of HM Treasury issued an invitation…
PRI London Forum – 12th February 2020
On Wednesday, 12 February, the PRI London Forum was hosted by Aviva at their City of London Offices. The event brought together representatives from the UN Principles for Responsible Investment…