NEWS in BRIEF
Emirates NBD Group Commits to Accelerate the Achievement of UN Sustainable Development Goal SDG5 on Gender Equality and Representation of Women in Corporate Leadership Roles Dubai – As part of…
Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of SAR4,339.37m (US$1,157.1m) Sukuk in May 2023, Amid Strong Economic Fundamentals and Prospects of Additional Sukuk Offerings in 2023
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) successfully closed its fifth consecutive monthly domestic sovereign Sukuk issuance on 23rd May 2023 raising an aggregate SAR4,339.37…
Bahrain’s Energy Investment Holding Company nogaholding Returns to International Sukuk Market with Benchmark US$750m Hybrid Sukuk Al Ijara/Murabaha Offering
The Oil and Gas Holding Company (nogaholding), the energy investment and development holding entity of the Government of Bahrain, successfully priced its latest Sukuk issuance – a benchmark US$750 million Senior…
Banque Saudi Fransi Successfully Closes US$900m Wakalah- Murabaha Sukuk Issuance as Corporate and Bank Offerings Keep Market Resilience and Momentum Going in 2023
Further signs of the momentum and resilience of the Saudi corporate and bank Sukuk market is the US$900 million offering – a RegS senior unsecured Sukuk - in the international…
First UAE AED1.1bn (US$300m) Sovereign Treasury Sukuk Attracts Robust Demand with 7 Times Oversubscription with Regular Issuances to Follow to Build Dirham Yield Curve
The ringing of the market-opening bell on 15th May 2023 by UAE Minister of State for Financial Affairs, Mohamed Bin Hadi Al Hussaini, to mark the listing of the maiden…
Malaysian SWF Khazanah Returns to International Market After an Absence of Two Years with an Inaugural US$750m Sukuk Oversubscribed Seven Times
Malaysian sovereign wealth fund (SWF), Khazanah Nasional Berhad returned to the international debt market on 25th May 2023 after an absence of two years with a dual-tranche aggregate US$1.5 billion…
Aldar Investment Properties Issues Debut Benchmark US$500m Green Hybrid Sukuk to Support its Growth Agenda and Sustain-ability Commitments to be a Net Zero Carbon Business by 2050
Abu Dhabi-based Aldar Investment Properties (AIP), the largest real estate management company in Abu Dhabi and subsidiary of Aldar Properties (Aldar), is the latest corporate to issue a Green Sukuk…