UAE banks’ earnings flat in 2Q as impairments surge
Impairments jumped 81% q-o-q to AED 2.9 bn, wiping out gains from a 5.5% rise in net loans and advances
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Impairments jumped 81% q-o-q to AED 2.9 bn, wiping out gains from a 5.5% rise in net loans and advances
The issuance brings its total proceeds from green bonds to USD 350 mn
Monthly inflation slowed to 0.11% in August from 0.42% in July
The transaction was executed through a share purchase from Cenomi’s major shareholders at SAR 44 per share
The portfolio’s value rose 10% y-o-y to USD 411 mn, supported by record 95% occupancy
The financing is dependent on Al Futtaim’s completion of its acquisition of a stake in the company
The facility will support the delivery of two Boeing 777 freighter aircrafts
The offering was 3x oversubscribed
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