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Peace agreement will be needed to restore normal enthusiasm
There is an aggressive hunt for yield by issuance-starved investors in the Gulf
The duo were the first AT1s from the GCC since Emirates NBD's reopener in April
Books were more than double the deal's size at launch
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Malaysia’s AmBank Group has appointed Datuk Mohamed Azmi Mahmood as an acting managing director, said the group’s press release on Friday.
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State Bank of Pakistan has approved Karachi based Habib Bank’s (HBL) request to conduct due diligence for its acquisition of First Microfinance Bank (FMB), Pakistan’s oldest microfinance lender. -
Bank Muscat’s shareholders have approved plans for an OR500m ($1.29bn) sukuk programme.
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Saudi Arabia’s Petro Rabigh has signed SR19.38bn ($5.2bn) of loan agreements – including an Islamic finance component – with a mix of international, regional and local lenders.
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First Gulf Bank has decided against updating its Malaysian ringgit wakala programme, due partly to the high cost of issuing sukuk, an official the bank told IFIS.
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Prasarana Malaysia, a government owned operator of bus and rail networks, priced a MR2bn ($540m) multi-tranche murabaha sukuk on Wednesday.
