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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 government of Ras Al Khaimah (RAK) issued a $500m sukuk on Tuesday, its first ever benchmark sized deal, having launched at a spread tighter than the initial price thoughts it gave on Monday.
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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. -
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.
