Islamic Development Bank picks nine banks for potential US dollar sukuk offer
The Jeddah-based Islamic Development Bank has picked nine banks for a potential US dollar-denominated Islamic bond issue, a document…
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More non-Islamic government sukuk issuers to hit market
As the hard currency denominated sukuk issuance gains momentum, analysts expect more new Islamic and non-Islamic sovereign issuers to enter…
Kuwait’s KIPCO Says Receives Approval For Stake Increase In Burgan Bank
A bourse filing by KIPCO added that its direct and indirect stake in Kuwait's Burgan Bank currently stands at 57.94…
Turkish Investment Bank Unlu Advising on Three IPOs
Unlu & Co., the Turkish investment bank partly owned by Standard Bank Group Ltd. (SBK), is advising on at…
Saudi Arabia’s Largest Bank Said to Plan IPO Next Quarter
National Commercial Bank, Saudi Arabia’s largest lender by assets, is seeking to sell a 15 percent stake on the Saudi…
Abu Dhabi’s Waha Raises $575 Million in AerCap Stake Deal
Waha Capital PJSC, an Abu Dhabi investment firm, will raise $575 million from a hedging deal with banks including Deutsche…
BMFN Expands UAE Presence with Local Partnership with Noor Capital
The United Arab Emirates continues to position itself as a preferred destination for financial brokers who are looking to…
Saudi stock market regulator fines seven companies for disclosure violations
Saudi Arabia’s stock market regulator has levied heavy fines on seven companies for a range of disclosure failings. They…
Oman expected to issue $1.3bn bonds, sukuk in early 2015
Oman is expected to issue OR500 million ($1.3 billion) worth of conventional and Islamic sovereign debt early next year, and…
UAE stock brokers’ profit boosted amid Arabtec turmoil
The country’s stock brokerages recorded a substantial rise in profit during the second quarter amid market turmoil. Commission income…
Islamic banks outperform conventional peers
The Islamic banks in Qatar outpaced conventional banks in the country in terms of growth in net profit during the…
AlKhair Capital plus Sukuk Fund launched eyes investment in fixed income markets
AlKhair Capital plus Sukuk Fund launched; eyes investment in fixed income markets Sharia-compliant Fund aims to achieve mid- and…