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.
