Sovereign domestic Sukuk issuance is playing a major role in Saudi Arabia’s fund-raising strategy to meet shortfalls in its 2020 budget allocations precipitated by the fallout from the twin pandemics…
It is not only Saudi Arabia that is turning to domestic sovereign Sukuk issuances as part of a diversified public debt raising strategy in an effort to mitigate the twin…
Following the approval in March 2020 by the Board of Executive Directors of the Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the 57 OIC countries, of an…
The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC countries, has embarked on a comprehensive strategy to help combat the global threat caused by the novel…
Saudi Franchise Retailer, Fawaz Alhokair Co. Signs US$800m Syndicated Murabaha Facility with Consortium of GCC Banks Riyadh - Fawaz Abdulaziz Alhokair Co., the largest franchise retailer in Saudi Arabia and…
Digital and online payment solutions continue to flourish in the Gulf Cooperation Council (GCC) countries with The Saudi Arabian Monetary Authority (SAMA) licensing two digital wallet companies, Bayan Payments (Bayanpay)…
The Debt Management Office (DMO) of the Saudi Ministry of Finance (MoF) continued its proactive domestic sovereign Sukuk issuance in February 2020 when it issued its second offering – a…
Dar Al Arkan Real Estate Development Company, the leading and largest publicly listed Saudi Arabian residential property developer, successfully closed its latest Sukuk offering – a 7-Year US$400 million (SR1.5…
