GCC
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Equity investors expect there will be an IPO of Saudi Aramco this year as long as Saudi Crown Prince Mohammed Bin Salman (MBS), and the Saudi government, go ahead with the deal at a valuation below his $2tr aim. But some are concerned the Saudi's will push ahead with whatever value they deem the company is worth, regardless of initial feedback. -
Middle Eastern banks returned to the Swiss franc market this week after an absence of almost five months with trades from two Gulf banks providing some respite for yield-starved investors.
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Dar Al-Arkan, a Saudi Arabia-based real estate developer, raised $600m on Wednesday with a February 2025 sukuk, defying market volatility to offer little in the way of new issue premium.
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Dar Al-Arkan, a real estate development company headquartered in Saudi Arabia, is in the market for a five year sukuk benchmark.
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Aldar Investment Properties hit screens on Tuesday to announce a roadshow for a 10 year sukuk deal.
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Dar Al-Arkan Real Estate Development Company has mandated eight banks to arrange a long five year Reg S benchmark sukuk and is starting the roadshow for the deal on Thursday.
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With deposits replenished, the country’s lenders are gearing up for some bold new growth strategies.
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Qatar’s economy is in expansion mode, with diversification and investment underpinned by the government’s ambitious Vision 2030 strategy.
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With metrics improving and GDP growth reviving, Qatar Central Bank Governor Sheikh Abdullah bin Saud al-Thani is confident that the country has emerged stronger and fitter from the recent turbulent conditions.
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Fitch lowered Saudi Arabia’s credit rating on Monday, following the September 14 attack on Saudi Aramco’s oil infrastructure.
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