Browsing: financial market

Shuaa Capital’s board of directors has approved an increase in the company’s share capital after issuing mandatory convertible bonds (MCBs). This move aligns with the firm’s strategy to strengthen its financial position and capital structure.

The total value of Public Investment Fund (PIF) assets, encompassing both domestic and foreign holdings within the Saudi financial market, recorded a 37% year-on-year increase, rising by approximately AED 42B ($11.4B) by the close of the third quarter (Q3) of 2024.

LuLu Group, one of the UAE’s leading retail companies, has officially announced the opening of…

Central Bank of the UAE (CBUAE) has announced an auction of Monetary Bills (M-Bills) today, which will feature four separate issues of Treasury bonds.

Spinneys, the renowned supermarket chain in the UAE, has announced its Initial Public Offering (IPO),…

Fitch Ratings reports that the UAE holds a 19% share of the global sustainable bonds market. The agency believes COP28 will be instrumental in raising awareness about sustainability issues in the region, steering investments towards environmentally responsible practices. Bashar Al Natoor, Global Head of Islamic Finance at Fitch Ratings, is optimistic about COP28’s potential to boost sustainable bond issuance. He notes the substantial growth of ESG bonds in the UAE, reaching $6.4bn by Q3 2023, a 41% increase from the previous quarter.

The Public Investment Fund (PIF) of Saudi Arabia has revealed pricing details for its first-ever dollar-denominated sukuk issuance, amounting to $3.5B. This sukuk offering, split into two tranches, is set to be listed on the London Stock Exchange’s International Securities Market (ISM). It garnered remarkable investor interest, with orders significantly surpassing the issuance amount, underscoring the strong confidence in PIF’s financial position.

UAE-based BHM Capital and Riyad Capital have announced a significant strategic partnership aimed at joint…

With renewed deal flow and fund-raising activity, the UAE’s private equity market is poised to…

Dubai’s utility giant, DEWA, prepares for the listing on the Dubai Financial market – most…