Latest news with #AbuDhabiIslamicBankPJSC
Yahoo
4 days ago
- Business
- Yahoo
3 Middle Eastern Dividend Stocks Yielding Up To 8.5%
As Middle Eastern markets, particularly in the UAE, experience an upswing with indices reaching notable highs amidst anticipation of U.S.-China trade talks, investors are keenly observing opportunities that align with this positive momentum. In such a climate, dividend stocks can be appealing for their potential to provide steady income streams while benefiting from the region's economic growth. Name Dividend Yield Dividend Rating Saudi Telecom (SASE:7010) 9.77% ★★★★★☆ Saudi National Bank (SASE:1180) 5.84% ★★★★★☆ Saudi Awwal Bank (SASE:1060) 6.19% ★★★★★☆ Riyad Bank (SASE:1010) 6.46% ★★★★★☆ National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) 7.30% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 4.55% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 7.55% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.87% ★★★★★☆ Arab National Bank (SASE:1080) 6.04% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 7.98% ★★★★★☆ Click here to see the full list of 74 stocks from our Top Middle Eastern Dividend Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Abu Dhabi Islamic Bank PJSC offers banking, financing, and investing services across the United Arab Emirates, the Middle East, and internationally with a market capitalization of AED72.64 billion. Operations: Abu Dhabi Islamic Bank PJSC's revenue is primarily derived from its Global Retail Banking segment (AED5.29 billion), followed by Global Wholesale Banking (AED1.79 billion), Associates & Subsidiaries (AED1.48 billion), Treasury operations (AED257.90 million), Real Estate activities (AED163.44 million), and Private Banking services (AED243.19 million). Dividend Yield: 4.2% Abu Dhabi Islamic Bank PJSC (ADIB) has shown growth in net interest and net income, with recent earnings reporting AED 2.03 billion and AED 1.62 billion respectively for Q1 2025. Despite a low dividend yield of 4.17% compared to the top market payers, its payout ratio of 53.3% suggests dividends are currently covered by earnings and forecasted to remain so in three years at 51.5%. However, ADIB's dividend history is marked by volatility, with significant annual drops over the past decade, raising concerns about reliability despite ongoing profit growth. Click to explore a detailed breakdown of our findings in Abu Dhabi Islamic Bank PJSC's dividend report. Our comprehensive valuation report raises the possibility that Abu Dhabi Islamic Bank PJSC is priced higher than what may be justified by its financials. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Dubai Islamic Bank P.J.S.C. operates in corporate, retail, and investment banking both within the United Arab Emirates and internationally, with a market cap of AED62.08 billion. Operations: Dubai Islamic Bank P.J.S.C.'s revenue is primarily derived from Consumer Banking (AED4.50 billion), Corporate Banking (AED3.35 billion), Treasury operations (AED2.59 billion), and Real Estate Development (AED700.58 million). Dividend Yield: 5.2% Dubai Islamic Bank P.J.S.C. (DIB) has experienced an 18% earnings growth over the past year, with Q1 2025 net income reaching AED 1.74 billion. Despite a low dividend yield of 5.24% compared to top payers in the AE market, its payout ratio of 42.5% indicates dividends are currently well covered by earnings and forecasted to remain so in three years at 48.5%. However, DIB's dividend history is marked by volatility and an unstable track record, raising concerns about reliability despite trading at good value relative to peers with a low price-to-earnings ratio of 8.1x. Unlock comprehensive insights into our analysis of Dubai Islamic Bank P.J.S.C stock in this dividend report. Insights from our recent valuation report point to the potential undervaluation of Dubai Islamic Bank P.J.S.C shares in the market. Simply Wall St Dividend Rating: ★★★★★☆ Overview: Mashreqbank PSC offers a range of banking and financial services to both individuals and corporates, with a market cap of AED49.75 billion. Operations: Mashreqbank PSC's revenue segments include Retail at AED4.19 billion, Wholesale Banking at AED4.72 billion, Insurance & Others at AED3.36 billion, and Treasury and Capital Markets at AED1.13 billion. Dividend Yield: 8.5% Mashreqbank PSC's dividend yield of 8.51% is among the top 25% in the AE market, supported by a low payout ratio of 48.8%, indicating dividends are well covered by earnings and forecasted to remain sustainable at 53.4% in three years. Despite this, its dividend history has been volatile over the past decade, impacting reliability. Recent Q1 earnings showed a decrease with net income at AED 1.76 billion compared to AED 2 billion last year, highlighting some financial pressure amidst ongoing strategic initiatives like fixed-income offerings and leadership roles in regional Sukuk issuances. Click here and access our complete dividend analysis report to understand the dynamics of Mashreqbank PSC. Our valuation report unveils the possibility Mashreqbank PSC's shares may be trading at a discount. Take a closer look at our Top Middle Eastern Dividend Stocks list of 74 companies by clicking here. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:ADIB DFM:DIB and DFM:MASQ. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
07-02-2025
- Business
- Zawya
AFC raises US$400mln in Shariah-compliant commodity Murabaha facility to fund African infrastructure
Dubai: Africa Finance Corporation (AFC), the continent's leading infrastructure solutions provider, has successfully closed a US$400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return to the Islamic finance market for the first time in eight years. This milestone reflects AFC's commitment to diversifying funding sources while expanding access to ethical and sustainable financing to meet Africa's infrastructure needs. Initially launched at US$300 million, the facility was upsized to US$400 million as strong investor demand resulted in a 47% oversubscription. The transaction attracted participation from eleven leading Islamic financial institutions, including new AFC partnerships with Abu Dhabi Islamic Bank PJSC, Al Rajhi Bank, and Emirates Islamic Bank. " This transaction reaffirms AFC's role as a bridge between global capital and Africa's most urgent infrastructure needs," said Samaila Zubairu, President and CEO of AFC. " The overwhelming demand demonstrates strong confidence in our investment strategy and Africa's increasing importance in the Islamic finance landscape. By expanding our international funding sources, we continue to create innovative financial solutions to drive impactful and sustainable development across the continent." Emirates NBD Capital Limited, First Abu Dhabi Bank PJSC, and SMBC Bank International Plc acted as Joint Lead Arrangers and Bookrunners for the transaction, reinforcing AFC's strong relationships with leading global financial institutions. The transaction builds on AFC's proven track record in Islamic finance, including its groundbreaking US$230 million Sukuk—the first-ever by an African supranational entity issued in 2017. AFC has consistently broadened its funding portfolio with innovative transactions that open new capital markets to attract global investors to African infrastructure. In January, AFC raised US$500 million from its first perpetual hybrid bond. In the same month, AFC received the highest possible credit ratings from S&P Global (China) Ratings and China Chengxin International Credit Rating Co. Ltd (CCXI) ahead of a potential panda bond issue. This financing facility was structured in accordance with standards set by the Accounting and Auditing Organization for Islamic Financial Institutions, or AAOIFI, ensuring full compliance with global Islamic finance principles. Islamic finance, including Murabaha structures, is widely regarded as ethical and sustainable due to its emphasis on asset-backed financing, risk-sharing, and the prohibition of speculative practices. These principles align with AFC's mission to foster responsible investment that promotes long-term infrastructure development and economic stability in Africa. ' Islamic finance plays a growing role in our funding strategy, helping us tap into a diverse pool of investors who share AFC's commitment to sustainable and responsible investing,' said Banji Fehintola, Executive Board Member and Head of Financial Services at AFC. ' The success of this Murabaha facility highlights the strong appetite for African infrastructure investments and underscores AFC's ability to structure transactions that meet global investor expectations.' Proceeds from the 3-year Murabaha financing will support AFC's mission to accelerate industrialization, infrastructure development, and economic growth across the continent. A number of AFC's transformative infrastructure projects are based in the Middle East and North Africa region, including Xlinks in Morocco, a pioneering project designed to supply sustainable electricity from the Sahara to the UK. Through the acquisition of Lekela Power, AFC, with its partner, Cairo-based Infinity Power, is Africa's largest investor in clean energy, targeting 3GW of renewable capacity by 2026. About AFC AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Seventeen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception. Media Enquiries: Yewande Thorpe Communications Africa Finance Corporation Mobile : +234 1 279 9654 Email :
Zawya
07-02-2025
- Business
- Zawya
Africa Finance Corporation (AFC) Raises US$400 million in Shariah-compliant Commodity Murabaha facility to fund African Infrastructure
Africa Finance Corporation (AFC) ( the continent's leading infrastructure solutions provider, has successfully closed a US$400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return to the Islamic finance market for the first time in eight years. This milestone reflects AFC's commitment to diversifying funding sources while expanding access to ethical and sustainable financing to meet Africa's infrastructure needs. Initially launched at US$300 million, the facility was upsized to US$400 million as strong investor demand resulted in a 47% oversubscription. The transaction attracted participation from eleven leading Islamic financial institutions, including new AFC partnerships with Abu Dhabi Islamic Bank PJSC, Al Rajhi Bank, and Emirates Islamic Bank. "This transaction reaffirms AFC's role as a bridge between global capital and Africa's most urgent infrastructure needs," said Samaila Zubairu, President and CEO of AFC. "The overwhelming demand demonstrates strong confidence in our investment strategy and Africa's increasing importance in the Islamic finance landscape. By expanding our international funding sources, we continue to create innovative financial solutions to drive impactful and sustainable development across the continent." Emirates NBD Capital Limited, First Abu Dhabi Bank PJSC, and SMBC Bank International Plc acted as Joint Lead Arrangers and Bookrunners for the transaction, reinforcing AFC's strong relationships with leading global financial institutions. The transaction builds on AFC's proven track record in Islamic finance, including its groundbreaking US$230 million Sukuk—the first-ever by an African supranational entity—issued in 2017. AFC has consistently broadened its funding portfolio with innovative transactions that open new capital markets to attract global investors to African infrastructure. In January, AFC raised US$500 million from its first perpetual hybrid bond. In the same month, AFC received the highest possible credit ratings from S&P Global (China) Ratings and China Chengxin International Credit Rating Co. Ltd (CCXI) ahead of a potential panda bond issue. This financing facility was structured in accordance with standards set by the Accounting and Auditing Organization for Islamic Financial Institutions, or AAOIFI, ensuring full compliance with global Islamic finance principles. Islamic finance, including Murabaha structures, is widely regarded as ethical and sustainable due to its emphasis on asset-backed financing, risk-sharing, and the prohibition of speculative practices. These principles align with AFC's mission to foster responsible investment that promotes long-term infrastructure development and economic stability in Africa. 'Islamic finance plays a growing role in our funding strategy, helping us tap into a diverse pool of investors who share AFC's commitment to sustainable and responsible investing,' said Banji Fehintola, Executive Board Member and Head of Financial Services at AFC. 'The success of this Murabaha facility highlights the strong appetite for African infrastructure investments and underscores AFC's ability to structure transactions that meet global investor expectations.' Proceeds from the 3-year Murabaha financing will support AFC's mission to accelerate industrialization, infrastructure development, and economic growth across the continent. A number of AFC's transformative infrastructure projects are based in the Middle East and North Africa region, including Xlinks in Morocco, a pioneering project designed to supply sustainable electricity from the Sahara to the UK. Through the acquisition of Lekela Power, AFC, with its partner, Cairo-based Infinity Power, is Africa's largest investor in clean energy, targeting 3GW of renewable capacity by 2026. Media Enquiries: Yewande Thorpe Communications Africa Finance Corporation Mobile: +234 1 279 9654 Email: About AFC: AFC was established in 2007 to be the catalyst for pragmatic infrastructure and industrial investments across Africa. AFC's approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development, and risk capital to address Africa's infrastructure development needs and drive sustainable economic growth. Seventeen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has 45 member countries and has invested over US$15 billion in 36 African countries since its inception.
