Company News

Saudi Electricity Announces a Successful Closing of a USD2.0 bil Dual Tranche International Sukuk Issuance

(Tadawul - 9/25/2018 11:07:00 AM)

With reference to the Saudi Electricity Company (SEC) announcement published on Tadawul on 03/01/1440HD (13/09/2018G) with respect to its intention to commence holding meetings with investors in preparation for potential issuance of sukuk, SEC is pleased ...

Saudi Aramco Trading aims for 50% rise in oil trade volume in 2020

(Arab News - 9/25/2018 8:41:00 AM)

Saudi's Aramco Trading Company (ATC) expects to increase its oil trading volume to 6 million barrels per day (bpd) in 2020, 50 percent higher than current levels, the company's top official said on Monday.

"Currently ... we're at 4 million ...

Ooredoo service level agreements take Qatar business connectivity to next level

(Gulf Times - 9/25/2018 8:37:00 AM)

Ooredoo has taken connectivity services for its business customers to the next level, following the revamp of its industry-leading Service Level Agreements (SLAs).

In response to feedback from both large businesses and small- and medium-sized ...

ADIB to open subscription for new shares

(Gulf News - 9/25/2018 8:33:00 AM)

Abu Dhabi Islamic Bank (ADIB) said it will open subscription for its new shares on September 25 until October 9.

The bank received approval from its shareholders last month to raise Dh1 billion through a rights issue to meet regulatory capital ...

Aldar sets price guidance for dollar sukuk

(Gulf News - 9/25/2018 7:46:00 AM)

Aldar Investment Properties, a subsidiary of Abu Dhabi’s largest developer Aldar Properties, has set at 175-180 basis points over mid-swaps the price guidance for a planned seven-year US dollar-denominated sukuk, according to a bank document reviewed by ...

Commercial Bank customer wins ‘dream holiday package’

(The Peninsula - 9/25/2018 7:42:00 AM)

As part of Commercial Bank commitment to constantly reward clients for their loyalty, the Commercial Bank presented a dream holiday package to Krishna Srinivisan, the winner of this year’s Commercial Bank International Spend Campaign who will enjoy a ...

Union Properties hands over $123m Dubai Motor City project

(Trade Arabia - 9/25/2018 7:22:00 AM)

Union Properties, a leading property developer in the UAE, has announced the delivery of all the residential units at its OIA Residences project, developed at the cost of Dh450 million (Dh123 million), within Dubai Motor City.

A motor-sport ...

ABK prices highly successful $300mn Tier-1 perpetual bond

(Arab Times - 9/25/2018 7:13:00 AM)

Al Ahli Bank of Kuwait K.S.C.P. (“ABK”) priced a highly successful $300 million bond, marking the first international capital markets issuance out of Kuwait in 2018. The instrument, issued to further boost ABK’s eligible Tier-1 capital has a call date of ...

Investcorp adds UK's former Defense Secretary to advisory board

(The National - 9/24/2018 11:02:00 AM)

Bahrain’s Investcorp, an alternative investment management firm that counts Mubadala Investment Company as its biggest shareholder, added Sir Michael Fallon, UK’s former Secretary of State for Defense, to the its international advisory board.


CBD and PwC in digital innovation pact

(Gulf News - 9/24/2018 7:30:00 AM)

Commercial Bank of Dubai (CBD) and PwC Middle East, recently signed an agreement on an innovation programme that will help the bank in its objective to become default digital and in providing an exceptional customer experience by collaborating with ...