Doha Bank successfully closes new bond issuance with strong investor demand
Doha Bank Q.P.S.C., rated A by Fitch and Baa1 by Moody’s, successfully completed a $500m 5-year senior unsecured bond at…
Islamic Finance
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Saudi Bank AlBilad to issue $800mln riyal-denominated sukuk
Saudi Arabia’s Bank AlBilad will issue a domestic Saudi riyal-denominated Tier 2 sukuk for up to 3 billion riyals ($800…
Boubyan Bank sets yield at 3.95pc for perpetual dollar sukuk
Kuwait's Boubyan Bank on Wednesday set the yield for US dollar-denominated Tier 1 Islamic bonds at 3.95% after receiving over…
NBB group AGM approves distribution of 20% cash dividends and 10% bonus shares
The National Bank of Bahrain Group has announced the conclusion of its Annual Ordinary and Extraordinary General Meeting held virtually,…
Moody's assigns Ba2 rating to Arabian Centres' sukuk offering
Moody’s Investors Service has assigned a Ba2 rating to the planned sukuk issuance by Arabian Centres Company. The ratings…
GFH Joins Bahrain Bourse’s Murabaha Service Opening New Sharia’a-Compliant Solutions and Trading Opportunities
GFH Financial Group has announced the signing of an agreement with Bahrain Bourse and the Central Bank of Bahrain, which…
Oman's Islamic Banking Growth to Continue Despite Pandemic
Oman's Islamic banking sector growth is likely to continue apace in 2021-2022 following strong momentum in 2020 despite the pandemic…
Saudi-based Islamic Development Bank starts marketing dollar sukuk – document
Jeddah-based Islamic Development Bank started marketing on Tuesday five-year U.S. dollar denominated sustainability sukuk, or Islamic bonds, a document showed.…
Capital Intelligence affirms QIIB rating at ‘A’ with a stable outlook
Capital Intelligence affirmed QIIB's rating at ‘A’ with a stable outlook, which the bank said “reflects the strength of its…
Al-Roshood: Corona pandemic demonstrated the success of the flexibility of KFH's performance and strategy
KFH's comprehensive and proactive approach enabled it to manage the crisis effectively Covid-19 increases pressure on Kuwait's financial position and…
Bahrain Islamic Bank convenes its Ordinary and Extra-Ordinary General Meetings for the Year 2020 via video conferencing
Bahrain Islamic Bank (BisB) announced the conclusion of its Ordinary and Extra-Ordinary General Meetings (OGM, EGM) held on Tuesday 23rd…
How Saudi Arabia’s Tadawul-listed banks fared in pandemic-hit 2020
In a new report by KPMG, the firm’s financial services experts have cracked the numbers on the audited 2020 financial…