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…
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…
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…
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…
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…
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…
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…
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…
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,…
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…