Boursa Kuwait is stepping up efforts to develop the country's fixed-income market, hosting a webinar on bonds and sukuk in partnership with the CFA Institute after the Capital Markets Authority introduced rules governing their listing and trading on the exchange.
Boursa Kuwait, the country's stock exchange, said it has won approval from the Capital Markets Authority (CMA) for its proposed rule amendments, alongside the issuance of a resolution establishing a comprehensive regulatory and legislative framework for bonds and sukuk.
Saudi-based Dar Al Arkan Real Estate Development Company has announced that it has successfully redeemed its $400 million Islamic bond (sukuk). The company used its internal resources to pay the sukuk on the due date and transferred the principal to the designated account.
Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has completed its inaugural dual-tranche $1 billion sustainable bond issuance under its Euro Medium Term Note (EMTN) Programme.
