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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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Manama, Bahrain: ABC Islamic Ban today announced a net profit of $6.7 million for the first nine months of 2011, 320% higher than last year. Net profit for the third quarter was $1.6 million compared to $2.1 million in the second quarter.
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Bahrain-based ABC Islamic Bank today announced a net profit of $6.7m for the first nine months of 2011, representing a 320% increase on the same period last year. However, net profit for the third quarter was down on Q2, at $1.6m compared to $2.1m.
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Malaysian automotive firm DRB-HICOM has opted to undertake a medium term note sukuk programme of up to M$1.8bn ($570m). In a filing with Bursa Malaysia, the company said it has mandated Maybank Investment bank as principal adviser, lead arranger and lead manager of the programme, which will have a tenure of up to 15 years from the date of first issuance.