Islamic Finance KSA Edition
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Saudi Arabia's Savola Group issues $267mln sukuk - sources
The paper, issued last week, offers investors a profit rate equivalent to 160 basis points over the 6-month Saudi interbank offered rate, said the sources.
Al Rajhi Bank’s Malaysian unit and MIDF merger hangs in the balance
Bank Negara had originally given Malaysian Industrial Development Finance (MIDF) and Al Rajhi Malaysia a period of three months to hold discussions for their proposed merger.
Al Kathiri Holding gets Riyad Bank’s approval to renew Islamic facility deal
The loan will be used to finance the company’s working capital and to meet other business requirements.
Tepid growth? Islamic Finance industry to grow at 5% in 2019-2020: report
In 2017, most of the growth stemmed from jumbo sukuk issuances in some GCC countries
Saudi Kayan signs $2bln Murabaha facility with NBC
The seven-year facility includes a grace period of three years
Saudi Arabia plans dollar sukuk by end-2019-debt official
"We are planning to issue a sukuk in dollars before the end of this year," Fahad al-Saif told reporters on the sidelines of a conference in London.
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