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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
Dubai Islamic Bank reports AED 1.8 bn in net income in 1Q
The lender’s topline rose 26% y-o-y to AED 5.6 bn
Seven Emirati banks feature in Forbes Middle East’s 30 most valuable banks in MENA list
The aggregate market value of the Emirati banks on the list is USD 128.7 bn
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