Middle East and North Africa

Middle East and North Africa

Bahrain Central Bank’s Nod to KFH Takeover Not Made Yet: AUB...

Ahli United Bank – Bahrain (AUB Bahrain) said that no official approval has been issued yet by the Central Bank of Bahrain (CBB) regarding...

Aldar Investment Properties Plans 10-Year Sukuk to Refinance Debt

Aldar Investment Properties, a fully-owned subsidiary of Abu Dhabi’s biggest listed developer, plans to issue a 10-year, dollar-denominated sukuk to refinance its debt. Aldar Properties...

Saudi Arabia’s Dar Al Arkan Raises $600m Through Five-Year Sukuk

Saudi Arabia’s Tadawul-listed developer Dar Al Arkan Real Estate Development Company has closed the $600m (SAR2.5bn) sixth tranche of its sukuk issuance under its...

Saudi Developer Dar Al Arkan to Launch Dollar Sukuk Despite Borrowing...

Saudi Arabian real estate developer Dar Al Arkan plans to launch a U.S. dollar sukuk this week, the first international debt issuance by a...

Kuwait Finance House Gains Central Bank Approval for Ahli United Takeover

Kuwait Finance House has received conditional approval from Kuwait’s central bank for its proposed acquisition of Bahrain’s Ahli United Bank. The deal depends on a...

Islamic Banking Share Grows in Oman

The share of Islamic banking to Omans economy accounted for 13.4 per cent of the total banking share in Oman at the end of...