Bahrain's Gulf International Bank plans to issue a 2 billion Saudi riyal ($545 million) floating rate notes with a lifespan of five years through a private placement in Saudi Arabia, a prospectus showed on Sunday.
The bank man
Bahrain-based Gulf International Bank (GIB) has reported consolidated net income after tax of $60.6 million for the first half of the year, marking an increase of 4.5 per cent on the previous year period.
Net income after tax in t
Bahrain-based Gulf International Bank's (GIB) long-term and short-term foreign currency ratings have been affirmed at 'A' and 'A1' respectively by Capital Intelligence (CI).
The international credit rating agen
Gulf International Bank (GIB), majority owned by the Saudi Arabian government, has picked six banks to arrange investor meetings ahead of a potential benchmark-sized, dollar-denominated bond, lead arrangers said on Tuesday.
Bahrain-based Gulf International Bank's (GIB) long-term and short-term foreign currency ratings have been reaffirmed by Capital Intelligence at A and A1 respectively, while the bank's financial strength rating is also maintained at BBB+.
Gulf International Bank (GIB) has announced the establishment of a Malaysian ringgit 3.5 billion ($1.11 billion) Sukuk Al-Wakalah medium-term note (MTN) programme in Malaysia.
The Islamic MTN programme is based on the Shariah princi
The investment banking arm of Malayan Banking and Bahrain's Gulf International Bank have arranged an 8.5 billion Saudi riyal ($2.27 billion) Islamic financing facility for Saudi Binladin Group Limited, the Malaysian bank said on Thursday.
Gulf Inter-national Bank (GIB) has completed the pricing and closing of a three-year $300 million Sukuk Al Murabaha private placement.
The sukuk certificates will pay a profit rate of six-month US dollar Libor plus 130 base points on a sem
Saudi Binladin Group (SBG) has signed a SR8.5 billion ($2.266 billion) financing facility with a consortium of banks led by Gulf International Bank (GIB) for the expansion and development of King Abdulaziz International Airport (KAIA) in Jeddah.
GIB Financial Services (GIBFS), the investment banking arm of Gulf International Bank (GIB) in Saudi Arabia, has rebranded its name to “GIB Capital.”
The name change will be effective immediately, the company said.