Abu Dhabi-based Investcorp Capital has reported a sharp decline in its annual profit for the fiscal year ended June 30, 2026 which fell to $44 million from $81 million last year as higher financing costs and timing of private market exits weighed on earnings.
Saudi-based Red Sea International Company said its key subsidiary, The Fundamental Installation for Electric Work Company, had doubled its banking facilities with Saudi National Bank to SAR430.8 million ($113 million) from SAR200 million ($52.4 million) earlier.
Saudi Energy has secured a shariah-compliant Murabaha financing facility with a total committed amount of SAR15.8 billion ($4 billion) from a consortium of seven leading Saudi banks to support its general corporate purposes.
Dubai Islamic Bank (DIB) has reported a 10% increase in its gross revenue for the first six months of the year which soared to AED12.4 billion ($3.38 billion), backed by growth in financing and fee-based income, while stronger asset quality and capital levels helped underpin profitability.
Imkan, a global master developer based in Abu Dhabi, has signed a strategic partnership with Zelo, a UAE-based private financing platform and unit of International Holding Company (IHC), to deliver embedded financing solutions to contractors and suppliers operating within its development ecosystem.
The UAE Ministry of Industry and Advanced Technology (MoIAT) has unlocked AED18 billion ($4.9 billion) in competitive financing for the industrial sector to help manufacturers scale their production.
Dubai South, the largest urban master development focused on aviation, logistics, and real estate, has signed a strategic memorandum of understanding (MoU) with Emirates NBD, a leading banking group, to support SMEs within Dubai South and facilitate access to a range of banking services.
Sharakah, Oman’s leading SME development company, has signed a memorandum of understanding (MoU) to provide Anfal Industries & Trading Company SPC, an Omani-owned manufacturer and distributor of industrial, cleaning, and laboratory chemicals, a Shariah-compliant financing facility to support its working capital requirements.
Emirates NBD said it has successfully closed $2.25 billion in long-term financing despite a challenging regional and global environment. The transaction includes a $1.75 billion five-year sustainability-linked syndicated term loan and a $500 million five-year Club Commodity Murabaha term facility.
Saudi Arabia’s Social Development Bank (SDB) provided financing worth SAR8 billion ($2.13 billion) to individuals and entrepreneurs across various sectors and segments in 2025.
