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Most recent/Bond comments/Ad
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Turkish oil and gas firm offers a pickup to its parent and most other CEEMEA sukuk
Where the company's deal prices relative to its parent will be the topic of investor roadshows
Benin showed Islamic issuance is a viable market for sub-Saharan African sovereigns
Investors are still showing big demand for the Dubai real estate firm's sukuk despite two sell-offs in a year
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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.
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Islamic finance practitioners grappled with the question of how to open the US market to sukuk issuance and Islamic finance during a panel discussion at Euromoney’s Islamic Finance and Investment conference in London this week. -
Tabreed, a United Arab Emirates utility company, has appointed Steve Ridlington as its new chief executive.
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The Bahrain based International Islamic Financial Market (IIFM) unveiled a new master collateralised murabaha agreement (MCMA) at a workshop in London this week. The framework is designed to offer Islamic entities a standard structure for raising low cost funding using idle Shariah compliant assets as collateral.
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The first round of oil price driven rating actions hit the Middle East this week, with Standard & Poor’s taking its knife to Bahrain and Oman and putting Saudi Arabia on negative outlook. The countries’ respective sukuk seemed safe from secondary volatility, although Bahraini paper — now on the cusp of junk — is likely to feel some pressure, said investors.
