Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
Bond pricing for the mining company started about 43bp back of its parent
Sovereign wealth fund takes $2bn, as aimed at
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Dar Al Etiman, the financial arm of Saudi based United Motors Agencies (UMA), has hired Shariyah Review Bureau (SRB) to supervise a new offering of Shariah compliant products.
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Fitch has appointed Bashar Al Natoor to the newly created position global head of Islamic finance, which it created in response to the industry’s rapid growth.
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Middle East investors would be willing and eager to buy hard currency Chinese sukuk. But mainland issuers wanting to sell renminbi denominated deals would struggle to place their deals with MENA accounts, according to panelists at Euromoney’s Islamic Finance Conference this week.
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South Africa is turning its attention to the domestic sukuk market following its international debut last year, the head of the country’s debt issuance department told IFIS.
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After a heady period of expansion, CIMB Bank’s merger and acquisition spree appears to be coming undone. The Malaysian bank is aggressively slashing costs and reducing its headcount. But those vilifying its expansion strategy are missing the big picture. Having established an impressive foothold outside of its home base, CIMB should not give up on its regional ambitions now.
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Omani lender Bank Nizwa has proposed a strategic merger with United Finance Co, according to a press release from the Muscat Securities Market.