🇦🇪UAE Legal News

Abu Dhabi’s district cooling powerhouse, Tabreed, has unveiled the completion of its two largest-ever transactions, setting the stage for a significant leap in scale and operational strength. The company, in partnership with global investor CVC DIF, finalized the acquisition of PAL Cooling Holding from Multiply Group, following all regulatory approvals. Almost simultaneously, Tabreed sealed a …

Tabreed Supercharges Growth with Record-Breaking Deals Read More »

Sharjah has successfully raised 2 billion renminbi—roughly $280 million—through a three-year Panda bond, marking another strategic move into China’s domestic debt market. While the final interest rate remains under wraps, early indications on Monday suggested pricing in the 2.5%–3.2% range. The bond was led by Bank of China, with Credit Agricole (China), JP Morgan Chase …

Sharjah Taps China Market, Nets $280 Million via Panda Bond Read More »

The Government of Sharjah is signaling a return to China’s Panda bond market, having officially appointed banks for a potential issuance. The emirate’s Finance Department, carrying ratings of Ba1/BBB–/AAA from Moody’s, S&P, and Lianhe, has tapped a mix of local and international banks to lead the effort. Bank of China will take the helm as …

Sharjah Sets Sights on China’s Bond Market Again Read More »

Oman has successfully priced a $1 billion seven-year USD sukuk at 4.525%, narrowing the gap over U.S. Treasuries to 60 basis points from earlier expectations of around 95 basis points. The deal, structured under Sukuk Al-Ijara, follows Rule 144A / 3(c)(7) and Regulation S Category 2 guidelines, and is set to trade on the London …

Oman Locks in $1 Billion Sukuk at Sharper Yield Than Initial Hints Read More »

Abu Dhabi’s sovereign investment arm Mubadala, through its unit Mamoura Diversified Global Holding (MDGH), has set the stage for a new USD-denominated 10-year bond under its Global Medium Term Note Programme. Initial price thoughts (IPTs) hover around UST+90 basis points, with bookbuilding kicking off on October 8. The deal is expected to price today, aiming …

Mubadala’s Mamoura Unit Eyes $10-Year USD Bond Launch Read More »

Saudi Arabia’s corporate and sovereign debt market is sprinting ahead, outstripping equity by a three-to-one margin as the kingdom’s largest entities tap capital markets to fund expansion. According to Moody’s, debt issuances have topped $15 billion in the first half of 2025 alone. The Public Investment Fund (PIF), energy titan Aramco, and utilities powerhouse Saudi …

Saudi Debt Surge Outpaces Equity as PIF and Aramco Fuel Growth Ambitions Read More »

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 »