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Tight price and strong book reported as market awaits geographic breakdown
Flood of AT1s expected to follow the first public trade from the Gulf in over two months
Announcements could come as early as Monday, the two month anniversary of the last public GCC trades
Islamic investors have been a safe haven for Gulf issuers in the past, and can be now
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Saudi Hollandi Bank shareholders have approved the bank’s plans to issue sukuk to boost its Basel III compliant capital.
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Oman’s Al Madina Insurance began its share sale on Tuesday, as it looks to become the first conventional insurance company to convert into a takaful firm through an initial public offering.
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Schools operator GEMS Education is holding roadshows as it looks to issue a benchmark - around $500m - debut perpetual sukuk.
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Arab Banking Corporation has appointed Khaled Kawan as its president and chief executive, making the position permanent after Kawan was put in temporary charge in April.
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Arab Banking Corporation has appointed Khaled Kawan as its president and chief executive, making the position permanent after Kawan was put in temporary charge in April.
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First Gulf Bank has taken full ownership of independent Shariah compliant solutions firm Aseel Finance and has appointed Javed Azfal, FGB’s retail Islamic banking head, as its chief executive officer.