Tabreed Returns to the International Sukuk Market after Absence of 7 Years with Landmark USD700mn Murabaha/Ijara Green Sukuk as Demand for Cooling Services Rises in UAE and BeyondDubai-based The National…
Dubai Luxury Real Estate Developer DAMAC Successfully Closes its Latest Sukuk Issuance in the International Market with a US$750mn 3.5-year Senior Unsecured Sukuk in February 2025 DAMAC Real Estate Development…
Bahrain’s Bapco Energies Limited Returns to International Sukuk Market with Benchmark US$1bn Hybrid Sukuk Murabaha/Ijara Offering with a 10-Year Tenor in January 2025 Bapco Energies BSC (formerly The Oil and…
PIF Islamic Mortgage Securitisation Subsidiary Saudi Real Estate Refinance Company (SRC) Completes Pricing of its Inaugural Government-Guaranteed US$2bn International Sukuk OfferingAnother major new debutant in addition to Ma’aden to the…
Debutant Saudi Mining and Minerals Giant Ma’aden Closes Inaugural USD1.25bn Sukuk Murabaha/Ijara as Kingdom Seeks the Sector to Contribute USD75bn to National GDP by 2035 A major new debutant to…
Saudi State Electricity Utility SEC Returns to the International Market with a 2-Tranche Aggregate USD2.75bn Murabaha/Ijara Offering Including a USD1.25bn 10-Year Green Sukuk The state-owned Saudi Electricity Company (SEC) retuned…
NEWS in BRIEFAl Rajhi Bank’s SAR3bn (USD800mn) Murabaha Facility for PIF-affiliated Bahri Underpins Close Synergy Between Corporates and Islamic Banks Riyadh – The synergy and collaboration between Saudi corporates and…
NDMC Starts 2025 with a SAR3,723.5mn (USD992.76mn) 4-trance Sukuk Offering and Further Secures a USD2.5bn (SAR9.4bn) Murabaha Revolving Credit Facility to Help Meet the Kingdom’s 2025 Budgetary RequirementsThese are exciting…
UAE Government Domestic Treasury T-Sukuk Momentum Continues in 2025 with First Auction on 21 January Raising an Aggregate AED1.1bn (USD300mn) Abu Dhabi – The dirham-denominated Islamic Treasury Sukuk (T-Sukuk) first…
Riyad Bank Issues Perpetual SAR2bn (USD530mn) Benchmark Additional Tier 1 Capital Sukuk Offering Through a Private Placement to Boost its Capital Under Basel III RequirementsAnother Saudi bank which raised funds…