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The Gulf kingdom is trying to tackle a very wide deficit and sky-high debt to GDP
Gulf investors 'will now look at every deal', whether sukuk or not
Demand from the Middle East for the sukuk was steady
Bond pricing for the mining company started about 43bp back of its parent
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Standard Chartered has appointed Christos Papadopoulos as chairman of Saadiq, the bank’s Islamic banking arm.
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The Republic of Indonesia launched a $1.5bn global sukuk on Tuesday that attracted robust demand despite macro concerns for what is expected to be its last US dollar-denominated transaction this year.
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The Central Bank of Oman has granted a banking operating license for Alizz Islamic Bank.
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Saudi Arabian dairy company Almarai has opted to raise its share capital from SR4bn ($1.07bn) to SR6bn, with the issue of 200m additional shares.
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The Republic of Indonesia has priced $1.5bn of 5.5 year sukuk at 6.125% - inside initial guidance but paying the highest profit rate for an international Islamic deal since its 2009 debut.
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Corrs Chambers Westgarth, an Australian law firm, has hired leveraged finance lawyer Alex Regan as a partner.