Most recent/Bond comments/Ad
Most recent/Bond comments/Ad
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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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Dewa is not the only borrower eyeing a return to the sukuk market (see Dewa story). Qatar International Islamic Bank wants to set up a $2bn sukuk programme and has asked its general assembly to approve the plans. The recommendation comes ahead of QIIB's annual general meeting, which will is due to be held on March 10 in Doha.
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Bahraini private sector investment authority Tamkeen has signed a BD1m ($2.66m) agreement with Family Bank to add to its microfinance support scheme. This will bring the total value of the portfolio to BD2m.
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The United Nations is to partner with the Islamic Development Bank in trying to tackle the challenges of food security in so-called dry land countries.
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Al Khaleej Takaful Insurance & Reinsurance Co has reported a Qr78.2m ($21.48m) profit for 2012 – up from Qr63.4m the year before. The company’s earnings per share rose from Qr4.46 to Qr5.50.
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Ahlibank is planning to launch the Sultanate's first Islamic fund for the Middle East and North Africa (Mena) region. The bank is waiting for regulatory approvals from both Central Bank of Oman and the Capital Market Authority, CEO Abdulaziz al Balushi told the Times of Oman in an interview.
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Dana Gas has called an extraordinary general assembly meeting next month to agree the restructuring of its defaulted October 2012 sukuk. The Sharjah based company will hold the meeting on March 14 at the emirate's Chamber of Commerce & Industry. On December 10, Dana's board reached a provisional agreement with sukukholders that Dana will issue $425m of ordinary new sukuk as well as $425m of convertible sukuk, paying 9% and 7% respectively.