Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

NBB group AGM approves distribution of 20% cash dividends and 10% bonus shares

The Group's Shareholders eligible to receive the dividend, which will be distributed from 12th April 2021

Moody's assigns Ba2 rating to Arabian Centres' sukuk offering

Agency says Saudi mall operator has strong market position, good liquidity

Oman's Islamic Banking Growth to Continue Despite Pandemic

This is high considering that Oman was the last Gulf Cooperation Council (GCC) country to introduce Islamic banking in 2013.

Saudi-based Islamic Development Bank starts marketing dollar sukuk - document

The paper was offered at 39 basis points over mid-swaps

Al-Roshood: Corona pandemic demonstrated the success of the flexibility of KFH's performance and strategy

In a virtual "Kuwait`s Banking and Finance" roundtable

Bahrain Islamic Bank convenes its Ordinary and Extra-Ordinary General Meetings for the Year 2020 via video conferencing

The meeting was initiated with an overview of the agenda

How Saudi Arabia’s Tadawul-listed banks fared in pandemic-hit 2020

Across the board, operating result declined by 6% on the year previous to SAR 42.27 billion.

Turkey to become attractive for Islamic finance

Turkey more advantageous than Malaysia, UK in applying Islamic finance, attracting foreign capital, says academic

Saudi Arabia closes March domestic sukuk program at $2.05bn

The deal is part of the government’s domestic sukuk programme

QIIB improves quality of funding assets; non-performing loans drop to 1.6% in 2020: Al-Shaibei

QIIB’s total equity reached QR8.3bn, while the capital adequacy under Basel III reached 16.6% in end-2020, which “ascertains the strong financial position” of the bank in facing various risks.

QIIB position as leading bank enhanced: Sheikh Dr. Khalid

"We have been working to seizing better opportunities to achieve gains for the Bank."

Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges

Over the course of the last several years, DIB has witnessed an exceptional evolution in the bank’s size and scale.

KFH hails efforts of frontline heroes

KFH emphasized its pioneering national role during its support for various social and national efforts, as it contributed to supporting the efforts of the Ministry of Interior by providing 30 automobiles that serve the ministry’s personnel

7th Doha Islamic Finance Conference from March 30

The conference is expected to contribute to the development of the Islamic finance industry in Qatar and the world.

Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges

DIB has proven its resilience and agility in its response to what has been one the most challenging and unpredictable years for the UAE’s business community and the world as a whole.

KIB nabs 'Kuwait Deal of the Year 2020' award from IFN

As part of its growth-focused and financial development strategy

KFH - Bahrain launches mortgage-backed securities

This is the second issuance under the Securitization Program and follows the success of its first issuance, which was well received by the market.

Murex, DDCAP platform integration for Islamic finance

The packaged solution offers and delivers a depth and breadth of Sharia compliant

Saudis dominate Forbes Middle East’s 2021 list of top CEOs

SABIC’s Yousef Abdullah Al-Benyan, Kuwait Petroleum Corporation’s Hashem Hashem and Sonatrach’s Toufik Hakkar were also in the top 10.

Al Salam Bank Bahrain waives financing fees for vaccinated customers

Customers will also be able to take advantage of the special financing offer ending on May 15th 2021