NEWS in BRIEF
Dubai Luxury Realty Developer (DAMAC) Successfully Closes an Additional US$175m Sukuk in January 2024 to Consolidate with its 3.5-year US$300m Senior Unsecured Sukuk Offering in October 2023 Dubai – Another…
Sovereign Domestic Sukuk – Saudi Arabia
Saudi NDMC Starts 2024 with a Robust Statement of Intent of Domestic Sovereign Sukuk Issuances Through Two Auctions Raising an Aggregate SAR16.7bn (US$4.5bn) in January and FebruaryThe National Debt Management…
Utility Sukuk – Omantel Broadband Services US$500m Sukuk
Debutante State-owned Issuer Omantel Finally Closes its Maiden Benchmark US$500m Sukuk in January 2024 After Short Delay Last October as Global Sukuk Market Set to Flourish Substantially in 2024Debutante issuer,…
Corporate Sukuk – ESIC Benchmark US$700m Sukuk
Abu Dhabi’s ESIC Successfully Issues Second Benchmark Senior Unsecured US$700m Wakala/Murabaha Sukuk After an Absence of Five Years from the US Dollar MarketAfter an absence of almost five years, Emirates…
Bank Sukuk – QIIB US$500m Sustainability Oryx Sukuk
QIIB Returns to International Sukuk Market in January 2024 with Benchmark US$500m Offering as Sustainability Sukuk Continues to Gain Market Momentum Qatar International Islamic Bank (QIIB), a regular issuer of…
Corporate Sukuk – SEC US$2.2bn Sukuk
SEC Successfully Closes Second Big Ticket Dual Tranche Sukuk in the US Dollar Market in Less Than a Year Saudi Electricity Company (SEC), the Kingdom’s power generation utility, returned to…