Shares in Bahrain's GFH Financial Group fell sharply on Tues as the firm said it had acquired $1.2billion of infrastructure assets in Africa and the Middle East.
GFH acquires more than 200 million square feet across Africa, GCC and India.
MARC has affirmed its long- and short-term financial institution (FI) ratings of AAA and MARC-1 respectively on Islamic Development Bank (IsDB).
The $200 million of private sukuk, due in May 2022, were priced at a 4.991 percent.
The company, which has taken out bank loans over the past few years to back its flagship development in Mecca, may start issuing the Islamic bonds over the next few months: sources
Partnership with Amlak Finance will allow Lootah's customers the opportunity to own more than just one property.
Egypt’s first government-owned takaful insurance company is expected to commence operations within six months: minister
UAE Islamic banks’ performance in 2016 was hit by higher funding costs and financing impairment charges: Fitch
Short-term deposits secured progressive growth since the beginning of 2016.
Jordan has asked banks to submit proposals to arrange a U.S. dollar conventional or Islamic bond issue.