🇦🇪UAE Legal News

Saudi Arabia’s Public Investment Fund (PIF) turned heads in the green debt market this week, raising €1.65 billion through a dual-tranche euro-denominated bond offering that saw investor demand soar. The three-year tranche secured €800 million, priced sharply at Mid-Swap +58bps—well inside initial guidance of +90-95bps. Investors locked in an annual coupon of 2.75%, translating to …

Saudi PIF Taps Green Bond Market, Pulls in €1.65 Billion Amid Investor Frenzy Read More »

Saudi offshore powerhouse ADES Holding has secured overwhelming shareholder backing for its planned merger with Norway’s Shelf Drilling, marking a major reshuffle in the global oilfield services arena. The Tadawul-listed group confirmed that 99.6% of Shelf Drilling shareholders approved the deal on October 6, following a revised cash offer that boosted the purchase price to …

ADES Moves to the Frontlines of Offshore Drilling with Shelf Drilling Buyout Read More »

Saudi Arabia’s Public Investment Fund (PIF) is stepping into the European green bond market with its inaugural dual-tranche issuance, signaling a growing push into sustainable finance. The three-year tranche is initially pegged at a Mid-Swap rate of +90-95 basis points, maturing on October 14, 2028. The seven-year tranche comes at +125 basis points, with a …

Saudi PIF Unveils First Euro Green Bond with Dual-Tranche Launch Read More »

Saudi Arabia is exploring a major revamp of its stock market rules, potentially opening the doors of its main bourse to all foreign investors. The Capital Market Authority announced a public consultation Wednesday on proposals that could end the current Qualified Foreign Investor (QFI) system. Under the draft plan, the existing eligibility requirements would be …

Saudi Arabia Eyes Full Foreign Access to Tadawul in Bold Market Shake-Up Read More »

Bahrain has returned to international debt markets with a twin-tranche dollar offering, raising a total of $2.5 billion through an eight-year sukuk and a 12-year conventional bond. The move marks the latest Gulf sovereign bid to tap robust investor demand despite ongoing economic pressures. The eight-year sukuk brought in $1.5 billion with a 5.875% coupon, …

Bahrain Pulls $2.5 Billion from Global Markets with Sukuk and Bond Launch Read More »

Etihad Rail is accelerating toward a new era of travel in the UAE, confirming that passenger services will roll out by 2026, linking 11 cities and regions across the country. The national railway network aims to offer a seamless, safe, and efficient transit experience while enhancing connectivity between urban centers and communities. Speaking at the …

UAE Gears Up for Nationwide Passenger Rail Service by 2026 Read More »

Saudi Arabia is bracing for a fiscal gap equivalent to 3.3% of its GDP in 2026, the finance ministry revealed, marking an increase from last year’s projection of 2.9%. In monetary terms, the shortfall amounts to 165 billion riyals ($44 billion). The kingdom’s 2025 deficit overshot expectations, reaching 245 billion riyals ($65.3 billion), or 5.3% …

Saudi Arabia Eyes $44 Billion Shortfall as 2026 Deficit Forecast Rises Read More »

Almasar Education, the education arm of Dubai-listed Amanat Holdings, has secured the green light from Saudi Arabia’s Capital Market Authority to launch its IPO on the Tadawul Main Market. The company plans to offer 30,720,400 shares, equivalent to 30% of its total share capital. Specializing in niche education across the Gulf, Almasar Education operates in …

Amanat-Backed Almasar Education Set to Make Tadawul Debut Read More »

The Islamic Corporation for the Development of the Private Sector (ICDPS) has priced a five-year, $500 million benchmark sukuk, drawing robust investor appetite that pushed initial orders beyond $2 billion. Rated A2 (Moody’s), A (S&P), and A+ (Fitch), the sukuk carries a 4.391% semi-annual coupon, priced at 65 basis points over U.S. Treasuries, tightening from …

GCC-Backed ICDPS Sparks $500M Sukuk Frenzy with Oversubscribed Launch Read More »

Saudi Arabia’s non-oil sector flexed its muscles in July 2025, with exports—including re-exports—jumping 30.4% compared to the same month last year. The ratio of non-oil exports to imports climbed sharply to 44.6%, up from 33.4% in July 2024, signaling a growing diversification of the Kingdom’s trade portfolio. Machinery, electrical equipment, and parts led the charge, …

Saudi Non-Oil Exports Surge 30% in July as Trade Balance Swells Read More »