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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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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.
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Dubai Electricity & Water Authority has mandated banks as it looks to issue up to $1bn of sukuk this month. The state owned utility company has asked Abu Dhabi Islamic Bank , Citi, Dubai Islamic Bank , Emirates NBD , Royal Bank of Scotland and Standard Chartered to arrange the sale.
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The Republic of Indonesia has raised Rp1.05tn ($108.5m) through sukuk at an auction on Tuesday, missing its Rp1.5tn target.
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Bank of London and the Middle East (BLME) has provided £9m of financing to TeamSport for its management buy-out of go kart tracks operator TeamSport Racing.
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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.