Emirates NBD said that the sukuk received strong appetite from regional and global emerging market investors
The second tap was executed based on investor feedback and inquiries, following extensive roadshows across the UK and GCC
The three-year issue witnessed robust demand and was oversubscribed by 2.5 times
The transaction marked the largest issue size in international capital markets by a GCC bank since February 2022
Global sukuk issuance in the first half of 2022 raised $100.9bn, marginally lower than $104.2bn in H1 2021
The Indonesian government is one of the largest sukuk issuers on Nasdaq Dubai
The issuance witnessed demand from regional and international investors, with a subscription order of $720m, more than two times the offer size
The Kuwaiti stock exchange plans to introduce a central counterparty service for the cash market by the end of the year
The issuance was oversubscribed by more than 2.5 times
The sukuk will be listed on Euronext Dublin and Nasdaq Dubai
The fund was launched in October last year
The total value of the Kuwaiti bank’s sukuk on the exchange stands at $898m
The latest listing brings the bank’s current sukuk value on the exchange to $1bn
IsDB is now the largest supranational sukuk issuer on Nasdaq Dubai with a total value of $18.8bn through 13 issuances listed on the exchange since 2016
The total value of all sukuk listed by the Indonesian government on the exchange now stands at $19.75bn
The firm is raising cash to help fund its commitment to pay out $75bn in dividends
The price of oil has doubled since October to more than $70 a barrel
DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange
Adam Boukadida is hopeful that air travel will pick up towards the end of 2021
It attracted a total orderbook of around $1.5bn which represents a three times over-subscription rate
Dubai Islamic Bank is now the largest UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $7.3bn listed on the exchange
The sukuk will be used to help fund Acwa’s share of an $8bn acquisition of gasification and power assets at Jazan
The five-year sukuk was oversubscribed nearly three times
The latest listing brings the bank’s current sukuk value on the exchange to $1.5bn
Bank ABC, Citigroup, Dubai Islamic Bank, Emirates NBD Capital, and HSBC, among others acted as joint lead managers and bookrunners for the transaction
Bahrain is on course to rack up a deficit that the International Monetary Fund projects will be at 15.7 per cent of gross domestic product
Dubai Islamic Bank, Emirates NBD, First Abu Dhabi Bank, HSBC, and Standard Chartered Bank were mandated to manage the issuance process
New structure reduces fees and provides an alternative for local financial institutions traditionally reliant on international brokers
There is a total of $71.09bn sukuk now listed on the exchange
The latest listing raises the total value of sukuk listed in Dubai to $69.29bn