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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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Global Islamic banking assets will pass $1.7tr this year, up from $1.5tr last year, according to a report from Ernst & Young.
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Malayan Banking (Maybank) has appointed Kamaludin Ahmad chief executive officer of its takaful and insurance arm Maybank Ageas – making permanent his previous job as acting CEO.
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Saudi Arabian engineering company Abdullah AM Al-Khodari & Sons Co has renewed an existing SR443.9m ($118m) Shariah-compliant facility with National Commercial Bank (NCB).
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A new Bahraini bank, resulting from the recent merger of three Islamic banks in the kingdom, has been renamed Ibdar Bank.
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Kuwait Airways plans to issue sukuk or conventional bonds to help pay for 25 to 35 new planes.
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Khaleeji Commercial Bank has appointed service providers to conduct due diligence as it lines up a potential merger with Bank Alkhair.