Company News

Al Hilal Bank successfully closes $500m sukuk

(The Gulf Today - 9/20/2018 7:17:00 AM)

Al Hilal Bank, rated A2 by Moody’s and A+ by Fitch has successfully closed a $500 million 5-year Senior Sukuk. The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the ...

Sabic, Clariant sign deal for speciality materials

(Trade Arabia - 9/20/2018 7:12:00 AM)

Sabic, the world’s third largest diversified petrochemicals company, has signed an agreement with Clariant towards taking steps to establish certain elements of its Specialties business as a stand-alone business.

The strategic purpose of this ...

Al Ahli Bank of Kuwait prints $300 million perpetual bond

(Arab Times - 9/20/2018 7:03:00 AM)

Al Ahli Bank of Kuwait has issued $300 million in perpetual bonds, according to a bank document seen by Reuters. Perpetual bonds are similar to an equity instrument in the fact that they have no maturity. The Kuwaiti lender, rated A2 by Moody’s and A+ by ...

Clariant and SABIC deepen ties under new partnership

(Arab News - 9/19/2018 8:21:00 AM)

Switzerland’s Clariant and new anchor shareholder Saudi Basic Industries Corp. (SABIC) will merge their high-performance materials businesses and install a SABIC manager as head of the group as they strengthen their partnership.

The new joint ...

Alizz Islamic inks pact with Takaful Oman

(Times of Oman - 9/19/2018 7:51:00 AM)

Reinforcing its position as one of Oman's most innovative Islamic banking institutions, Alizz Islamic Bank signed a Memorandum of Understanding (MoU) with Takaful Oman, the Sultanate’s first full-fledged Islamic insurance provider, to add ...

Du inks deal with ADGM

(Gulf News - 9/19/2018 7:40:00 AM)

Dubai-based telecom operator du has announced a new partnership with the Abu Dhabi Global Market (ADGM) to facilitate its digital transformation agenda.

The MoU sets a formal framework for du to work with ADGM in exploring and developing ...

Barwa Real Estate takes part in Qatar-Russia 2018 Year of Culture

(The Peninsula - 9/19/2018 7:33:00 AM)

Barwa Real Estate Group, one of the leading real estate and investment companies in Qatar and the region, participated in the Qatar-Russia 2018 Year of Culture, where a seminar entitled “Qatar: No Limits of Architecture” was held with the participation ...

Saudi Aramco unit hosts first graduation ceremony

(Trade Arabia - 9/19/2018 7:22:00 AM)

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 drilling and services companies.

This comes in ...

Aldar Properties wins award for Emiratisation

(Trade Arabia - 9/19/2018 7:14:00 AM)

Aldar Properties, a leading developer in Abu Dhabi, has announced that it had won a prize in the small company category of the Emirates Emiratisation Awards, an initiative of the UAE's Ministry of Human Resources and Emiratisation.

HH Sheikh ...

Investcorp launches debut investment in China

(Trade Arabia - 9/19/2018 7:12:00 AM)

Investcorp, a global provider and manager of alternative investment products, has announced its first private equity investment in China since its inception in 1982.

Investcorp has partnered with China Everbright Limited, a reputable ...