NEWS in BRIEF
Iconic Dubai Realty Developer Binghatti Holding Successfully Closes its Maiden US$300m Ijara/Murabaha Sukuk in February 2024Dubai – Binghatti Holding Limited, the Dubai-based real estate developer, is the latest UAE property…
Sovereign Domestic Sukuk – Saudi Arabia
Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues with Closure of Three-tranche SAR4.44bn (US$1.2bn) Sukuk in March 2024, as Aggregate for First Quarter 2024 Reaches SAR21.14bn (US$5.64bn) Through Three AuctionsThe…
Sovereign Sukuk – Bahrain US$1bn Sukuk
Kingdom of Bahrain Raises US$2bn through a Dual Tranche Conventional Bond/Sukuk Issuance in February 2024The Kingdom of Bahrain, acting through the Ministry of Finance and National Economy, returned to the…
Bank Sukuk – SNB US$850m Fixed Rate Benchmark Sukuk
SNB Returns to International Sukuk Market After an Absence of Three Years with a Fixed Rate Benchmark RegS US$850m Sukuk Offering in February 2024The Saudi National Bank (SNB) (formerly National…
Supranationals – ICD Benchmark US$500m Sukuk
ICD Returns to International Sukuk Market with a US$500m Hybrid Wakala/Commodity Murabaha Issuance in February 2024 After an Absence of 4 YearsAfter an absence of almost four years, the Islamic…
Bank Sukuk – DIB US$1bn Third Sustainability Sukuk
Dubai Islamic Bank (DIB) Issues Third Consecutive Annual US$1bn Sustainability Sukuk in March 2024 Priced at the Lowest Ever Credit Spread Achieved by the BankIf accolades are to be awarded…
Sovereign Wealth Funds (SWFs) – Saudi PIF US$2bn Sukuk
Saudi Arabia’s Public Investment Fund (PIF) Issues Second Sukuk to Date Through a US$2bn Offering in the US Dollar Market in February 2024 Consolidating Primary Sukuk Issuance as a Key…