NEWS in BRIEF
International Finance Corporation Extends Maiden US$50m Murabaha Financing Facility to ADIB Egypt to On-lend to Local MSMEs, Corporates and to Fund Islamic Mortgages in Egypt Cairo – The International Finance…
Sovereign Domestic Sukuk – Saudi Arabia
Saudi NDMC Domestic Sovereign Sukuk Momentum Continues with Closure of SAR6.1bn (US$668.5m) of Sukuk Issuances in July and August 2023, as Aggregate Issuance Tops a Staggering US$22.5bn in the January-August…
Bank Sukuk – First Abu Dhabi Bank AED1.3bn Green Sukuk
First Abu Dhabi Bank Revives Green Sukuk Issuance with Maiden AED1.3bn (US$350m) Offering in July 2023 Green Sukuk issuance continues to gain traction in the international market albeit the volume…
Corporate Sukuk – Almarai Benchmark US$750m Sukuk
The GCC’s Largest Integrated Dairy and Food Producer and Exporter Almarai Company Returns to International Market with Benchmark US$750m Senior Murabaha/Ijarah Sukuk The Saudi-based Almarai Company, the largest integrated dairy…
Corporate Sukuk – Dar Al Arkan Benchmark US$600m Sukuk
Saudi Residential Property Developer Dar Al Arkan (DAAR) Taps International Sukuk Market with Benchmark US$600m Sukuk Offering in July 2023 The Dar Al Arkan Real Estate Development Company (DAAR), the…
Sovereign Sukuk – Tȕrkiye’s US$1.31bn Sukuk Al-Ijarah
Türkiye Treasury Consolidates Fixed Rate Sukuk Al-Ijarah Issuances Through Three Transactions in July and August 2023 in the Domestic and International Markets Raising an Aggregate US$1.31bn on the Back of…