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DIB ups stake in Turkey’s TOM Group to 25%
The group includes Turkey’s first digital bank TOM Katılım Bankası (TOM Bank) and its subsidiaries
Al Ansari and Halan join forces to launch an early salary access service
Plus: Nabat partners with the Abu Dhabi Environment Agency to support mangrove restoration through AI-based solutions
DIB raises USD 500 mn in AT1 sukuk issuance, secures lowest reset rate for an AT1 issuance since 2009
The issuance’s pricing was narrowed to 5.25%
DIB kicks off sale of AT1 sukuk
The initial price guidance was set at around 5.75%
Mubadala-backed Total Parco to get a new shareholder
Plus: More from Ripple, Ziina, DIB, Flydubai, and Burjeel
DIB posts 6.7% growth in net income in 2Q + Sukoon Takaful in the black
Sukoon Takaful narrowed its accumulated losses to AED 45.9 mn
FAB India lends Indian renewables AED 129.9 mn + DIB confirms role in USD 3.25 bn financing for Gems
PLUS: Dewa plans to issue tenders for over 50 substations within the next three years
Six UAE lenders named among top 25 in MENA
ADFD received the UN’s SIDs Partnerships Award
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