NEWS in BRIEF
Al Rajhi Bank Concludes 3-year dual tranche US$1bn Sustainability Commodity Murabaha Facility, the Largest Shariah-compliant ESG Syndication in the Middle East to DateJeddah – Al Rajhi Bank, one of the…
Saudi NDMC Domestic Sovereign Sukuk Issuance Momentum Continues in August and September Bringing the Aggregate Issuances in the First Nine Months of 2022 to SAR64,484.82m (US$17,162.78m)
The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) Saudi Arabia continued its consecutive monthly Sukuk issuance under its Saudi Riyal-denominated Sukuk Issuance Programme with two…
Global Sukuk Market Maintains its Issuance Resilience Despite Difficult Economic and Market Conditions Led by Malaysia, Saudi Arabia and Indonesia
Despite the difficult prevailing global economic and geopolitical conditions and the rise in commodity prices especially oil, gas and palm oil, the global Sukuk market has shown its resilience by…
SNB Successfully Closes Latest Sukuk Offering – a SAR3.3bn Perpetual Additional Tier 1 Sukuk
The Saudi National Bank (SNB) (formerly National Commercial Bank (NCB) the largest bank in the Kingdom in terms of assets, returned to the international market with a Saudi-Riyal denominated Additional…
Towards a Holistic Shariah-compliant Taxonomy for Climate Action, Mitigation, Adaptation and Finance
As the world moves towards the UN Conferences of the Parties (COP) 27 in Sharm El Sheikh in Egypt in November 2022, the global narrative including for the finance and…
Saudi Central Bank Pushes Ahead with FinTech Facilitation in Saudi Banking and Payments Sector with Issuance of Four New Licences and Six New Sandbox Permits as Electronic Payments Exceed Cash for the First Time
Further signs of the proliferation of FinTech in the Saudi financial and payments sector are the licensing of several more such companies in August and September 2022 by the Saudi…