NEWS in BRIEF
Saudi Franchise Retailer, Fawaz Alhokair Co. Signs US$800m Syndicated Murabaha Facility with Consortium of GCC Banks Riyadh - Fawaz Abdulaziz Alhokair Co., the largest franchise retailer in Saudi Arabia and…
GCC Digital Payments and Wallets Solutions Flourish with Four New Licenses in Saudi Arabia, as Three States Move to Further Enhance Their FinTech Ecosystems
Digital and online payment solutions continue to flourish in the Gulf Cooperation Council (GCC) countries with The Saudi Arabian Monetary Authority (SAMA) licensing two digital wallet companies, Bayan Payments (Bayanpay)…
Saudi DMO Continues Sovereign Domestic Issuance with SR4.496bn Sukuk in February Amid Fast-Changing Global Economy due to Impact of Coronavirus and Falling Oil Prices
The Debt Management Office (DMO) of the Saudi Ministry of Finance (MoF) continued its proactive domestic sovereign Sukuk issuance in February 2020 when it issued its second offering – a…
Saudi Realty Developer Dar Al Arkan Closes its Tenth International Sukuk with Latest US$400 Million Issuance
Dar Al Arkan Real Estate Development Company, the leading and largest publicly listed Saudi Arabian residential property developer, successfully closed its latest Sukuk offering – a 7-Year US$400 million (SR1.5…
Saudi Arabia’s Riyad Bank Successfully Prices GCC’s Largest Tier II Offering with US$1.5bn Sukuk Driven by Strong Investor Demand
Saudi Arabia’s Riyad Bank successfully issued its latest offering – a Tier II US$1.5 billion Sukuk on 18 February 2020. The Sukuk was issued under Riyad Bank’s US$3 billion Trust…
IsDB Continues Proactive Sukuk Issuance Strategy of 2019 with Largest Ever Single Offering of US$2bn in February 2020
The Islamic Development Bank (IsDB), the multilateral development bank (MDB) of the OIC countries, successfully priced its largest Sukuk issuance ever, raising US$2 billion in 5-year Trust Certificates in March…
NEWS in BRIEF
ICIEC-led Promoters Launch Co-Guarantee Platform for Africa (CGPA) to Increase the Volume of Insurance and Guarantee Solutions for Project Sponsors and their Bankers Jeddah – Shariah-compliant export credit and investment…
GFH Financial Succesfully Prices US$300m Sukuk Wakala/Tawarruq as Group Eyes More Realty Transactions in the US and UK
Bahrain-based GFH Financial Group, formerly Gulf Finance House, successfully priced a US$300 million Sukuk Wakala/Tawarruq on 22 January 2020. The Sukuk, which has a tenor of 5 years and matures…
Saudi DMO Starts 2020 with a Two-Tranche SR6.72bn Sovereign Domestic Sukuk as 2019 Issuance Buoyancy Continues
The Debt Management Office (DMO) of the Saudi Ministry of Finance (MoF) started the year 2020 in a buoyant mood with a SR6.72 billion (US$1.79 billion) domestic Sukuk offering on…
Kuwait’s Boubyan Bank Returns to the Market with US$750m Benchmark Sukuk Which was Six Times Oversubscribed
Kuwait’s Boubyan Bank is the latest GCC financial institution to issue a Sukuk at the start of 2020. In a disclosure to Boursa Kuwait, Adel Abdul Wahab Al Majed, the…
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