Emirates Islamic Bank (EIB), rated A+ (stable) by Fitch Ratings, successfully closed the issuance of its latest Sukuk offering in September 2020 - a benchmark US$500 million 5-year Sukuk Wakala,…
The Saudi Electricity Company (SEC), the largest electricity utility company in the Middle East & North Africa (MENA) region, successfully completed a US$1.3 dual tranche fixed rate Reg S Senior…
True to its Sukuk issuance calendar for 2020, the National Debt Management Center (NDMC) of the Saudi Ministry of Finance (MoF) continued with its monthly domestic sovereign Sukuk issuance in…
Bank Consortium Arranges US$2bn Debut Hybrid Murabaha/Conventional Financing Facility for EgyptDubai – A consortium of banks have arranged a US$2 billion hybrid Conventional and Islamic Syndicated Term Facility for the…
Masraf Al Rayan, the second largest Islamic bank in Qatar in terms of assets, successfully closed its latest Sukuk issuance in August 2020 – a benchmark fixed rate Regulation S…
The Turkish Treasury & Finance Ministry, beleaguered by the country’s deteriorating fiscal and macro-economic fundamentals on the back of the impact of COVID-19, continued to tap the domestic Sukuk and…
It is unusual for a sovereign issuer to issue debt papers in the name of patriotism and nationalism. But then the COVID-19 pandemic has unleashed unusual circumstances and demands on…
The twin effects of the COVID-19 pandemic and the sharp decline in crude oil prices has impacted the fiscal and growth challenges in the Gulf Cooperation Council (GCC) countries. The…
KIB Signs US$150m Bilateral Murabaha Facility Agreement with EQUATE Petrochemical Company Kuwait City – Kuwait International Bank (KIB), formerly the Kuwait Real Estate Bank, signed a US$150 million bilateral Murabaha…
The Saudi British Bank (SABB) is the latest Saudi bank to raise funds from the market through a Sukuk issuance. SABB, in a disclosure to the Saudi Stock Exchange (Tadawul),…