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In seven years, the UAE plans to double FDI to $354 billion and triple the FDI balance to $599 billion
The global Islamic finance industry is witnessing remarkable growth, with total assets reaching $3.3 trillion by the end of 2023
Final share price has been set at AED1.60, valuing the company at around AED37.3 billion ($10.1 billion)
The additional 1,164,412,032 offer shares have been wholly allocated to the qualified investor offering
Company has notably teamed-up with major names like UAE Artificial Intelligence Office and FAB
This growth highlights the country's evolving financial landscape and its strategic role within the sukuk market
With fractional sukuk, retail investors can invest as little as $1,000 in the sukuk market rather than a minimum of $200,000
The agency notes a rise in foreign currency sukuk issuance, particularly in real estate and finance, to attract foreign investment
The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029
He noted that Asia and the Global South are often overlooked in transition plans, impacting the world
The bank is diversifying its financing portfolio, with total customer financing at AED36.6 billion
The issuance drew a diverse investor base, including banks and fund managers from Europe, Asia, and the Middle East
The listings comprise 10 conventional tranches and 6 additional issues categorized as green bonds and sukuk focused on sustainability
EDB will provide guarantees of up to 50 percent for the financing offered to SMEs by ADIB
The programs saw the issuance of treasury bonds worth $3.05 billion and Islamic sukuk worth $3.76 billion
Non-oil economic growth in GCC countries to remain strong in 2025 due to ambitious government economic diversification plans
Bank credit to the private sector rose by 3.4 percent to OMR26.3 billion
Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits
Emirates Islamic's total income saw a notable 15 percent increase to AED2.7 billion while operating profits surged by 40 percent
The bank reduced Scope 1 emissions by 65 percent compared to 2022 and set 2030 emissions reduction targets for six portfolio sectors
The oversubscription highlighted the bank's financial strength and prudent management
Islamic banking now constitutes 5 percent of the total banking sector in Egypt
The listing's order book exceeded $2.10 billion, which reflects an oversubscription rate of 2.8 times
The assets of Islamic banks operating in the UAE increased by about $23.41 billion over the past 12 month
