🇦🇪UAE Legal News

Aldar Taps Apollo Again, Locks in $1 Billion Hybrid to Fuel Expansion Drive

Aldar Taps Apollo Again, Locks in $1 Billion Hybrid to Fuel Expansion Drive

In a fresh show of financial muscle, Aldar Properties has secured $1 billion through a privately placed hybrid notes issuance to Apollo Global Management—deepening a capital partnership that has steadily grown over the past few years. The subordinated hybrid notes, structured with a non-call period of just over a decade, give Aldar long-dated flexibility while …

Aldar Taps Apollo Again, Locks in $1 Billion Hybrid to Fuel Expansion Drive Read More »

Profit Pulse: Saudi Aramco Set for $25 Billion Q4 — But Momentum Slips from Summer High

Profit Pulse: Saudi Aramco Set for $25 Billion Q4 — But Momentum Slips from Summer High

The oil colossus of Saudi Arabia is poised to close 2025 with a solid, if slightly softer, fourth quarter. Analysts at AlJazira Capital expect net profit after minority interest to land at 91.9 billion riyals — roughly $24.5 billion — marking a 5.9% rise from a year earlier. Yet compared to the third quarter, earnings …

Profit Pulse: Saudi Aramco Set for $25 Billion Q4 — But Momentum Slips from Summer High Read More »

Credit Currents Rise: Qatar’s Banks Close the Year with Stronger Loan Books

Credit Currents Rise: Qatar’s Banks Close the Year with Stronger Loan Books

Qatar’s lenders wrapped up December with their balance sheets on firmer ground, as total loans climbed 6.6 percent compared to the previous financial year — a noticeable step up from the 4.6 percent growth recorded a year earlier. Over the past five years, credit expansion has averaged 4.9 percent annually, reflecting a steady, if measured, …

Credit Currents Rise: Qatar’s Banks Close the Year with Stronger Loan Books Read More »

Fresh Firepower for Saudi Homebuyers: SHL Finance Locks in $53 Million Islamic Facility

Fresh Firepower for Saudi Homebuyers: SHL Finance Locks in $53 Million Islamic Facility

Saudi Arabia’s housing finance push just received another lift. SHL Finance Company has renewed a Shariah-compliant credit line worth up to SAR 200 million (about $53.3 million), securing fresh capital to expand its home lending operations across the Kingdom. The five-year facility comes from UAE-based banking heavyweight Emirates NBD. The funding is earmarked for mortgage …

Fresh Firepower for Saudi Homebuyers: SHL Finance Locks in $53 Million Islamic Facility Read More »

Maersk’s Terminal Arm Buys Into Jeddah Hub, Deepening Alliance With DP World

Maersk’s Terminal Arm Buys Into Jeddah Hub, Deepening Alliance With DP World

Global shipping heavyweight A.P. Moller-Maersk is tightening its grip on the Red Sea trade lanes. Its ports subsidiary, APM Terminals, has struck an agreement to acquire a 37.5% stake in the South Container Terminal at Jeddah Islamic Port — a facility currently operated in full by Dubai-based logistics powerhouse DP World. Under the arrangement, DP …

Maersk’s Terminal Arm Buys Into Jeddah Hub, Deepening Alliance With DP World Read More »

Ajman’s Property Market Opens 2026 With AED 1.06 Billion in Valuations

Ajman’s Property Market Opens 2026 With AED 1.06 Billion in Valuations

The new year has begun on a high note for Ajman’s real estate sector, with property valuations crossing AED 1.06 billion in January alone. Fresh figures released by the Ajman Department of Land and Real Estate Regulation show that 242 valuation transactions were processed during the month. The activity spanned commercial towers, residential buildings, and …

Ajman’s Property Market Opens 2026 With AED 1.06 Billion in Valuations Read More »

Raya Financing Taps Debt Markets with $80 Million AT1 Sukuk

Raya Financing Taps Debt Markets with $80 Million AT1 Sukuk

Saudi Arabia’s Raya Financing Company has drawn fresh capital from the market, securing 300 million riyals (about $80 million) through an Additional Tier 1 (AT1) sukuk offering that carries an 8.5% annual return. The Shariah-compliant instrument is structured as perpetual, reinforcing the company’s capital base rather than functioning like a conventional bond with a fixed …

Raya Financing Taps Debt Markets with $80 Million AT1 Sukuk Read More »

Gulf Markets Edge Higher as US–Iran Thaw Calms the Oil Nerves

Gulf Markets Edge Higher as US–Iran Thaw Calms the Oil Nerves

A flicker of diplomatic progress between Washington and Tehran was enough to nudge Gulf investors back into buying mode on Wednesday morning. After talks in Geneva, Iran signaled that it and the United States had aligned on broad “guiding principles” to address their long-running nuclear standoff. The tone was cautious, but conciliatory enough to ease …

Gulf Markets Edge Higher as US–Iran Thaw Calms the Oil Nerves Read More »

GIFT City’s IPO Door Cracks Open as XED Targets $12 Million Raise

GIFT City’s IPO Door Cracks Open as XED Targets $12 Million Raise

A new experiment in India’s offshore capital markets is about to be tested. Global executive education platform XED is preparing to raise $12 million through an initial public offering structured out of Gujarat International Finance Tec-City—better known as GIFT City. If it succeeds, the listing could mark the first IPO to emerge from the International …

GIFT City’s IPO Door Cracks Open as XED Targets $12 Million Raise Read More »

Classroom Capital: XED Targets $12 Million Raise in GIFT City’s IPO Debut

Classroom Capital: XED Targets $12 Million Raise in GIFT City’s IPO Debut

India’s experiment with offshore finance may soon host its first homegrown public offering. Executive education platform XED is preparing to raise $12 million through an initial public offering out of the International Financial Services Centre at Gujarat International Finance Tec-City — better known as GIFT City. If successful, the listing would mark a milestone for …

Classroom Capital: XED Targets $12 Million Raise in GIFT City’s IPO Debut Read More »

Scroll to Top