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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 UK plans to give over £10m in extra funding to Middle East enterprise projects, working with the Shell Foundation and the Islamic Development Bank.
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Saudi Hollandi Bank shareholders have approved the bank’s plans to issue sukuk to boost its Basel III compliant capital.
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Oman’s Al Madina Insurance began its share sale on Tuesday, as it looks to become the first conventional insurance company to convert into a takaful firm through an initial public offering.
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UK Prime Minister David Cameron unveiled plans for a sovereign sukuk debut at the World Islamic Economic Forum in London on Tuesday. A deal of around £200m could come as soon as next year, he said.
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Schools operator GEMS Education is holding roadshows as it looks to issue a benchmark - around $500m - debut perpetual sukuk.
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Arab Banking Corporation has appointed Khaled Kawan as its president and chief executive, making the position permanent after Kawan was put in temporary charge in April.
