Saudi Real Estate Refinance Company, a PIF company, has announced the successful pricing of its third international issuance of sukuk with an aggregate value of $2.75 billion. It comprises two tranches - a $1.25 billion with a 5.5-year tenor and a $1.5 billion tranche with a 10-year tenor.
ASB Capital announced its appointment as Joint Lead Manager and Bookrunner on Ajman Bank’s (BBB+) inaugural USD 300 million Additional Tier 1 (AT1) perpetual non-call 5.5-year Sukuk, facilitating the bank’s first issuance in the international AT1 market.
Kuwait International Bank (KIB), through its Islamic investment arm KIB Invest, participated as a Joint Lead Manager in the pricing of the third issuance of international sukuk for the Saudi Real Estate Refinance Company (SRC), with a total value of $2.75 billion.
Ajman Bank has listed a $300 million Additional Tier 1 (AT1) perpetual sukuk on Nasdaq Dubai, marking its first capital securities issuance and strengthening its regulatory capital base. The issuance was around 1.7 times oversubscribed, attracting orders of more than $500 million.
Burjeel Holdings, a leading super-specialty healthcare group in the GCC, on Friday celebrated the Market Open Ceremony at the London Stock Exchange (LSE), marking the admission of its inaugural $500 million Sukuk to trading on the International Securities Market.
Nasdaq Dubai has welcomed the listing of a $500 million Sukuk issued by The Arab Energy Fund (TAEF), strengthening the exchange’s position as a leading global hub for Islamic finance.
Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC, has announced that it has received first-time corporate credit ratings from S&P Global Ratings and Moody’s Ratings, alongside the establishment of a $1.5 billion senior unsecured sukuk programme.
Leading Omani bank Nizwa has successfully managed the launch of the 11th series of local sovereign sukuk issued by the sultanate. The total demand of the sukuk reached RO250 million ($648 million), thus reflecting strong investor interest that exceeded the size of the issuance.
Dubai Islamic Bank (DIB) said it has successfully priced a $1 billion Additional Tier 1 Perpetual Non-Call 6-Year Sukuk at a profit rate of 6.25%, thus reflecting strong investor confidence in its credit fundamentals, resilient profitability and prudent capital management framework.
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.
