Saudi Arabia's National Commercial Bank (NCB) has completed a subordinated Additional Tier 1 Capital Sukuk worth worth SR2.7 billion ($719.54 million), the company announced in a bourse statement on Wednesday.
Clifford Chance, a leading global law firm, has advised on the issuance of $100 million floating rate, amortising trust certificates due 2020 issued by International Finance Corporation (IFC).
The Issuance was completed on Septemb
The Dubai Health Authority (DHA) has linked the health insurance scheme to visa issuance and renewal to ensure that all employers and sponsors comply with their responsibilities.
The authority has partnered with the General
Bank of Bahrain and Kuwait (BBK) has announced the closing of a bond issuance of $400 million.
The issuance of an international senior unsecured bond with a five-year maturity date targeted professional investors in the Middle Eas
Bahrain and Oman are likely to finance any increase in fiscal deficits next year through sovereign debt issuance, according to Moody's Investors Service.
The ratings agency said that while the six GCC states can withstand the
Burgan Bank, a leading commercial bank by assets in Kuwait, has completed its capital increase through a rights issuance announced earlier.
The bank’s shareholders have subscribed in the capital increase during the designate
Bahrain Commercial Facilities Company has closed a US$53 million floating rate, unsecured note issuance due in 2019.
Arab Banking Corporation (ABC) was the sole lead manager, while Trowers & Hamlins acted as lead counsel to th
Corporate and infrastructure sukuk issuance is likely to rise over the next few years, despite the dip in issues over the past eight months compared to the same period last year, said Standard & Poor's Ratings Services report.
The opportunities and challenges facing conventional and Islamic bond issuance in Saudi Arabia will be discussed at a forum to be held in Riyadh tomorrow (April 1).
The forum, hosted by Standard & Poor&rsqu