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Trade was the largest so far from the Dubai property developer
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
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Gatehouse Bank has completed the sale of Slade Park, its Oxford student accommodation scheme, to Scottish Widows Investment Partnership Property Trust.
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Ajman Bank has parted company with Mohammad Zaqout, its fifth chief executive officer to hold the position in four years. The bank said the decision was by mutual agreement.
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The government of Ras Al Khaimah (RAK) has given initial price thoughts of 200bp over mid-swaps area on a dollar denominated sukuk — its first issue since mid-2009.
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Gulf Finance House (GFH), a Bahraini Islamic investment bank, has elected its vice chairman Ahmed Al-Mutawa to chairman of the board. He will replace Essam Janahi, who resigned last week.
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Khaleeji Commercial Bank (KHCB) has hired Khalil Ismaeel Al Meer as its chief executive officer. He will fill responsibilities previously held by Ebrahim Hussain, who resigned last year.
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FWU Group has closed the first $20m tranche of a $100m sukuk al wakala programme, with an oversubscribed order book.