🇦🇪UAE Legal News

Most major stock markets across the Gulf traded lower on Thursday morning as investors weighed falling crude prices against growing expectations that the U.S. Federal Reserve could tighten monetary policy further before the end of the year. Oil, a key driver of economic sentiment across the region, continued its downward move, sliding toward levels seen …

Gulf Equities Slip Into Reverse as Oil Retreat and Fed Fears Cloud Sentiment Read More »

Türkiye has launched a new six-year US dollar sukuk transaction, marking another step in its international funding programme as the sovereign taps demand for Shariah-compliant debt. The planned benchmark-sized issuance is structured as a senior unsecured Ijarah sukuk and is being offered under Regulation S. Initial price thoughts have been set around 7.125%. The sovereign …

Türkiye Returns to Sukuk Market With Six-Year Dollar Offering, Guidance Set at 7.125% Read More »

Abu Dhabi-based healthcare operator Burjeel Holdings has successfully entered the international Islamic debt market, raising $500 million through its first-ever five-year sukuk, a deal that drew strong investor appetite and exceeded initial expectations. The senior unsecured sukuk was priced with a fixed profit rate of 7% payable every six months. The notes were issued at …

Burjeel Makes Global Debt Market Debut With Oversubscribed $500 Million Sukuk Read More »

Kuwait has stepped up its domestic fundraising efforts, issuing KWD550 million ($1.77 billion) in Treasury bonds and public debt tawarruq instruments across a range of maturities through the Central Bank of Kuwait on behalf of the Ministry of Finance. The offering was spread across four tenors. Two-year securities accounted for KWD150 million and carried a …

Kuwait Ramps Up Domestic Borrowing With KWD550 Million Debt Sale Read More »

Egypt is set to raise EGP 4.8 billion (approximately $154 million) through a fresh treasury bond issuance scheduled for June 23, as authorities continue to tap the domestic debt market to support state financing requirements. The offering consists of three-year treasury bonds carrying a coupon rate of 23.068%, with interest payments to be made every …

Egypt Locks in EGP 4.8 Billion Through New Treasury Bond Sale Read More »

Major stock markets across the Gulf opened lower on Tuesday, pressured by a sharp decline in oil prices and growing expectations that the U.S. Federal Reserve could adopt a more aggressive stance on interest rates later this year. Investor sentiment weakened after Washington granted Iran a temporary sanctions waiver, allowing the country to continue crude …

Gulf Stocks Lose Ground as Oil Slips and Fed Tightening Fears Intensify Read More »

Dukhan Bank is preparing to tap international debt markets with a planned $500 million Additional Tier 1 (AT1) sukuk, launching a series of investor meetings as it gauges demand for the capital-raising exercise. The Qatari Islamic lender, which holds an A2 rating with a stable outlook from Moody’s and an A rating on negative watch …

Dukhan Bank Sets Stage for $500 Million AT1 Sukuk Offering Read More »

First Abu Dhabi Bank (FAB) has tapped international debt markets once again, raising $750 million through a benchmark Tier 2 capital securities offering that attracted strong investor interest and enabled the lender to tighten pricing significantly from initial guidance. The Abu Dhabi-based bank priced the Reg S-compliant securities at par, achieving a spread of 140 …

FAB Secures $750 Million Tier 2 Deal as Investor Appetite Compresses Pricing Read More »

The Gulf’s initial public offering market is entering a holding pattern, with several high-profile listings pushed beyond the summer months as investors wait for stronger signals on market stability, liquidity and valuation trends. Recent indications that tensions involving Iran may be easing have helped improve sentiment across Gulf Cooperation Council (GCC) markets. Yet investment bankers …

GCC IPO Pipeline Awaits Clearer Skies as Investors Gauge Post-Conflict Recovery Read More »

Saudi Arabia’s Bank AlJazira has successfully priced a $500 million perpetual Additional Tier 1 (AT1) sukuk, attracting robust investor demand that allowed the lender to tighten pricing from initial guidance. The US dollar-denominated issuance was priced at a spread of 650 basis points over US Treasuries, improving from initial price thoughts that were set in …

Bank AlJazira Draws Strong Demand as $500 Million AT1 Sukuk Prices Tighter Read More »