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Most recent/Bond comments/Ad
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Volume dips only slightly despite there being a third fewer transactions
◆ Europe's corporate bond market braces for US tech issuance surge ◆ Canada makes move for EU regs equivalence but to what end? ◆ Middle East private placements here to stay... but will take up less room
Private placements may have hung around much longer than first expected but their dominance may be at an end
Sukuk volumes much slimmer this year
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Warba Bank, a Kuwaiti Islamic bank, will formally list on the Kuwait Stock Exchange (KSE), the country’s stock exchange, on September 3.
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The National Bank of Ras Al Khaimah (Rakbank) has hired Peter England as the bank’s new CEO. He will replace Graham Honeybill, who retired after 17 years with the bank.
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Ithmaar Bank, a Bahraini retail Islamic bank, has appointed its general manager, Ahmed Abdul Rahim, as acting chief executive officer. He will start his new role on September 1.
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Oman’s Bank Sohar has opened a Sohar Islamic branch (part of its Islamic banking business) in the Sultanate’s second largest city, Salalah.
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Turkish Islamic bank Al Baraka Turk is due to sign its $250m murabaha facility within the first two weeks of September. Syndication for the deal closes on August 29.
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Three Egyptian banks are set to complete Egypt’s largest Shariah-compliant financing facility to the Egyptian Steel Company for E£1.7bn ($243m).