Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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The Gulf Bond and Sukuk Association has named Stuart Anderson as the new chair of its steering committee for 2014.
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Bader Alamoudi has been appointed as the sole chief executive of the JP Morgan’s Saudi Arabia operations and Rayan Fayez named senior country officer. They had both previously been co-chief executives at the bank since 2012.
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Gulf Finance House (GFH), an Islamic investment bank based in Bahrain has appointed its acting CEO Hisham Al Rayes, the permanent holder of the job.
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Mohammed bin Rashid Al Maktoum, ruler of Dubai, has established the Dubai Islamic Economy Development Centre and appointed its board of directors as part of the emirate’s effort to position itself as the global capital of the Islamic economy.
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Islamic finance is set to take off in Oman. The country’s ruler Sultan Qaboos bin Said Al Said first authorised the establishment of Islamic banking in May 2011 following popular demand. IFIS spoke to Hamood Al Zadjali, executive president of the Central Bank of Oman, to discuss the development of Islamic finance in the Sultanate and the CBO’s expectations and future plans for Islamic banking.
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The Arabian Company for Water and Power Development has signed a SR1.775bn ($475m) five year revolving corporate facility, structured on a fully Shariah compliant commodity murabaha basis. The facility serves as a bridge to the sukuk program the company plans to launch in 2014.