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Arada closes USD 400 mn sukuk
The issuance is the first under a new USD 1 bn sukuk program
Amea Power reaches financial close on its South African solar plant
The plant will generate over 325 GWh of clean energy, offsetting 290k tons of CO2 emissions annually
Sharjah’s Arada Developments will issue USD-denominated sukuk, after awarding AED 1.48 bn in contracts
Investor meetings started yesterday with a series of fixed income investor calls set to follow
Emirates Islamic lists debut sustainability-linked USD 750 mn sukuk lists on Nasdaq
The lender now has a total of four sukuk listings on the exchange
Taqa reaches financial close on Saudi AED 1.5 bn water project
Taqa owns a 35% stake in the project’s company
Mashreq’s USD 500 mn bond sale meets heavy demand, allows lender to lock in the lowest coupon by a UAE bank in past three years
The issuance was 4.4x oversubscribed
Mashreq kicks off sale of AT1 bonds
The initial price for these notes is expected to be around 7%
Credit demand remained robust in 1Q 2024 -CBUAE
Dubai saw the strongest demand for business loans
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