sukuk
The bank reduced Scope 1 emissions by 65 percent compared to 2022 and set 2030 emissions reduction targets for six portfolio sectors
Arada's sukuk listing brings the total value of sukuk issuances to $93 billion
The oversubscription highlighted the bank's financial strength and prudent management
In 2024, these countries accounted for 51 percent of U.S. dollar debt issued by EMs (excluding China)
The total volume of sukuk and bonds in Saudi Arabia increased by 5.73 percent during the third quarter of 2023
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 report forecasts an upgrade for Bahrain if the government substantially lowers net debt-to-GDP via improved budgets
Strong demand seen from the eight primary dealers for both the 3-year and 5-year tranches of the sukuk
MoF stated that this surplus was directed towards reducing public debt, and therefore there was no cash surplus
The Authority saw growth in ESG securities listings, totaling $11.72 billion in new ESG bonds and Sukuk listed
Total private bids amounted to QAR5.4 billion
Saudi Arabia, UAE and Malaysia will likely stay among the most active sukuk issuers, the report says
Dirham-denominated assets gain momentum with increased investor confidence
To cater to investors with different investment horizons, the issuance has been divided into three tranches
The DFM General Index ranked 5th globally in 2023
The minister highlighted the country's interest in strengthening economic and financial cooperation
An over-subscription of 2.5 times demonstrates investor trust in the lender
Aramco will now be able to capitalize on recent declines in global interest rates
Issuance was divided into three tranches
Capitalizing on investor confidence amidst significant changes in economic strategy
Strong investor demand enabled the kingdom to tighten pricing by lowering yields
Kingdom attracts Saudi investors, advances capital market, and maintains fiscal stability
