Middle East and North Africa

Middle East and North Africa

EFG Hermes Named Best Investment Bank in Frontier Markets

EFG Hermes, the leading financial services corporation in frontier emerging markets (FEM), has for the first time been named the Best Investment Bank in...

Saudi Sipchem Plans Early Redemption of $267mln of Sukuk in April

Saudi-based Sahara International Petrochemical Co. (Sipchem) is planning to redeem in full its 1 billion riyals ($267 million) of sukuk on April 18, 2021,...

Digital Influence in Banking – New Report Finds it was in...

Digital influence in banking was already well underway prior to the COVID-19 outbreak, and a new report by Boston Consulting Group (BCG) sheds light...

Saudi Tadawul Delists Solidarity’s Shares after Merger with Aljazira Takaful

Shares of Solidarity Saudi Takaful Company were delisted from the Saudi Stock Exchange (Tadawul) on Monday, 1 March 2021, the Saudi bourse said in...

Masraf Al Rayan Gets Shareholder’s Nod to Raise Sukuk Size to...

The Ordinary General Assembly of Masraf Al Rayan has approved distribution cash dividend of QR0.170 per share, representing 17 percent of the paid-up capital...

KFH Bahrain Receives STP Award from JP Morgan

Kuwait Finance House - Bahrain (KFH-Bahrain) was awarded the J.P. Morgan “Quality Recognition Award” and “Elite Quality Recognition Award” 2020, for the bank’s exemplary...