Dana Gas reaches deal on $700m sukuk restructuringDana Gas, the Middle East's largest regional natural gas company, said it has reached an agreement with key holders of $700 million of its Islamic bonds to restructure the securities, in what is possibly seen as an end to a legal battl More… |
Dana Gas reaches deal on $700m sukuk restructuringDana Gas, the Middle East's largest regional natural gas company, said it has reached an agreement with key holders of $700 million of its Islamic bonds to restructure the securities, in what is possibly seen as an end to a legal battl More… |
Saudi real estate group set for $1bn debut sukuk issueSalman Abdullah Bin Saedan Real Estate Group (Saedan), a leading developer in Saudi Arabia, is gearing up for its debut issuance of Islamic bonds, the first tranche of a $1-billion sukuk, said Bahrain-based Ibdar Bank which is arranging the sale More… |
Saudi real estate group set for $1bn debut sukuk issueSalman Abdullah Bin Saedan Real Estate Group (Saedan), a leading developer in Saudi Arabia, is gearing up for its debut issuance of Islamic bonds, the first tranche of a $1-billion sukuk, said Bahrain-based Ibdar Bank which is arranging the sale More… |
Dubai Islamic Bank issues $1bn Islamic bondDubai Islamic Bank (DIB) said it has successfully issued a $1-billion sukuk (Islamic bond) with a five-year tenor, maturing on February 6, 2023 on the back of the bank’s strong financial performance and attractive market positioning. More… |
UK to start $700m sukuk trial without Dana GasA high-profile London High Court trial over a $700 million Islamic bond will go ahead next week without Dana Gas, a UAE-based energy company, according to Financial Times. A civil trial between Dana Gas and its investors was du More… |
Dentons plays major role in $150m AFC sukukDentons, one of the world's largest law firms, said it had advised Africa Finance Corporation (AFC), a leading pan-African multilateral development finance institution and project developer, on its inaugural issuance of $150 million trust ce More… |
Italy law firm hires SRB to structure Islamic bondNctm Studio Legale, a leading law firm in Italy, has hired Shariyah Review Bureau (SRB), a global Sharia advisory company, to help it structure an Islamic bond. Under the agreement, SRB will collaborate with Nctm to help structure More… |
Dubai plans new Islamic bond channels as listings surgeDubai has overtaken other financial centres in listing Islamic bonds on its exchanges, and is mounting a global drive to attract more listings while developing new channels to trade sukuk, the chief executive of Nasdaq Dubai said. More… |
Saudi Binladin Group prices key Islamic bondSaudi Binladin Group, one of the kingdom's largest construction firms, has priced an Islamic bond with a 364-day tenor worth SR1 billion ($267 million), banking sources aware of the matter said on Monday. The transaction, arra More… |