Posts Tagged ‘Issue’
Dar Al-Arkan Real Estate Development Company, a residential real estate developer in the Kingdom, announced on Tuesday that it has successfully redeemed its inaugural sukuk issue of March 2007.
Issued by DAAR International Sukuk Company, the la
DP World shares rose to a three-week high on Sunday after a newspaper report said it may offer new shares to shareholders and troubled parent Dubai World could sell an additional stake.
The port operator, which has a market capitalisation of ab
Qatar Holding and Singapore’s biggest sovereign wealth fund GIC have committed to underwrite a significant portion of UK Prudential’s $20 billion rights issue.
GIC is an existing shareholder, with a 0.5 percent stake in Prudential, but Qatar do
Bahrain-based Ithmaar Bank is planning to launch its rights issue this month once the Islamic lender receives regulatory approval, a spokesman said yesterday.
“We are planning to do the rights issue in March pending regulatory approval,” a spok
Public sector lender United Bank of India has fixed the issue price of its initial public offer at Rs 66 per share — the upper end of
its price band — raising Rs 324.98 crore through the share sale.
The state-run lender had entered the pri
Saudi Cement Company plans to issue one free share for each two held by investors and a cash dividend of 3.50 riyals ($0.93) for 2009, Saudi Arabia’s second-largest producer said.
‘Company shares will increase from 102 million shares to 153 mil
Abu Dhabi-listed Waha Capital PJSC has decided to issue mandatory convertible bonds or Sukuk valuing Dh1 billion.
The board of directors, who met under the chairmanship of Hussain Al Nowais, chairman of Waha Capital, also recommended a 12.5 pe
Abu Dhabi-listed Waha Capital received its board’s approval to issue a Dh1 billion ($272.3 million) convertible bond, a company executive said on Tuesday.
Waha’s board will seek approval of the decision at the company’s extraordinary general me
Standard & Poor’s Ratings Services said today that its long-term corporate credit rating on Saudi homebuilder Dar Al Arkan (DAAR; BB-/Stable/–) remained unchanged following the company’s issue of its US$450 million sukuk notes.
We believe thi
Saudi Arabian Oil Co., the world’s biggest crude producer, and Total SA hired banks to sell Islamic bonds to help fund the construction of a $12 billion oil refinery, said two bankers familiar with the transaction.
Saudi Arabian Oil, also know
