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THIS MORNING: Mubadala eyes investment in Italian gas turbine maker + a settlement to the Paramount antitrust lawsuit could be on the way
Plus: SIB taps advisors for sukuk offering
SIB’s post-rights-issue lending push drives 15% earnings growth
Net income rose 15.3% to AED 803.9 mn, while operating income climbed 20.5% to AED 1.4 bn
Foreign appetite for UAE debt holds firm as SIB’s AED 2.59 bn rights issue is 3.2x oversubscribed
Foreign investors accounted for 55% of overall demand, suggesting that March’s “risk-off” sentiment is fading
SIB’s net income rises 19.4% y-o-y in 1Q 2026
Income from Islamic financing and sukuk grew 14.4% y-o-y to nearly AED 1.1 bn
SIB taps market with AED 2.6 bn discounted rights issue
The subscription window runs from 27 April through 8 May
GCC banks face 50% dividend haircut to preserve USD 10 bn capital safety margin -Bloomberg Intelligence
The banking sector is preparing to absorb a 5-15% hit to earnings
Mashreq, SIB post solid earnings in 2025
This came despite interest rate cuts hitting net interest income during the year
Real estate boom helps boost Sobha, Arada’s earnings + SIB posts double-digit earnings jump
Arada and Sobha’s earnings more than doubled on the back of consistent demand for property
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