Middle-east Arab News Opinion | Asharq Al-awsat

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Saudi Arabia Establishes International Program to Issue Sukuk

by Shuja Al-Baqmi | Apr 5, 2017 | Business

Riyadh- Saudi Arabia has mandated investment banks to arrange the Kingdom’s first international sukuk denominated in dollars, the Finance Ministry said. The ministry said in a statement it had appointed a number of local and global banks to coordinate meetings with...

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Saudi Aramco Pays Premium in Debut Sukuk Sale

by Wael Mahdi | Mar 30, 2017 | Business

Khobar- Saudi Aramco, the world’s largest oil producer, is paying a significant premium to the government and to its previous borrowing in its first sale of Islamic bonds. Aramco is offering seven-year, riyal-denominated sukuk at 25 basis points (bps) over the...

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A Saudi Aramco employee sits in the area of its stand at the Middle East Petrotech 2016, an exhibition and conference for the refining and petrochemical industries, in Manama, Bahrain, September 27, 2016. REUTERS/Hamad I Mohammed

Aramco to Issue Debut Islamic Bonds in Three Months

by Wael Mahdi | Mar 22, 2017 | Business

Khobar- Saudi Arabian Oil Co., Aramco, is seeking to issue USD2 billion worth debut Islamic bond sale, the first step of a plan to tap markets for $10 billion, said sources. Aramco will sell riyal-denominated Islamic bonds, or sukuk — the sukuk may be privately...

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A general view taken on April 1, 2016 shows Dubai’s Jumierah Beach Residence. AFP

Investment Corporation of Dubai Successfully Completes Issuance of $1 Billion Sukuk

by Asharq Al-Awsat | Feb 3, 2017 | Business

Dubai- Investment Corporation of Dubai, ICD, has successfully completed the issuance of a US$1 billion 10-year sukuk. The sukuk was well received by regional and international investors and generated orders exceeding $3 billion. The $1billion sukuk will be listed on...

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Saudi Arabian Aramco

Saudi Aramco Sets Financing Plans for Industrial Push

by Asharq Al-Awsat English | Apr 27, 2016 | Business

The world’s biggest energy company Saudi Arabian Aramco outlined on Wednesday financing plans that will fund its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. Furthermore, and according to sources familiar with the...