Latest news with #AlRayanBank
Zawya
5 days ago
- Business
- Zawya
AlRayan Bank announces successful issuance of $500mln 5-year Senior unsecured RegS sukuk
Doha, Qatar: AlRayan Bank rated A2 by Moody's with a stable outlook has successfully issued its $500m 5-year Senior Unsecured RegS Sukuk at a final Price of 5-year US Treasuries + 80 bps (Expected Profit rate of 4.875% at an Issue price of 99.82). The successful completion of this transaction underscores the robustness of the Qatari economy and AlRayan Bank's strong credit fundamentals. This issuance reaffirms AlRayan Bank's standing as a leading financial institution in the region and marks a significant milestone in its journey to diversify its funding sources and continue to strengthen its presence in the international markets. In many ways this was a landmark transaction, including a strong return to the Capital markets after a 5-year hiatus. AlRayan Bank's first transaction since the successful completion of the merger in December 2021 and the establishment of the bank's new corporate identity 'AlRayan Bank' First Qatari bank to issue a USD benchmark Sukuk RegS offering out of the QFC Entity (MAR Finance LLC, established in Qatar Financial Centre 'QFC') Largest price tightening from IPTs in recent deals with a sizeable 40bps reduction in spread. Tightest re-offer spread over US Treasuries ever achieved by any Qatari bank at US 5Y Treasury+80bps A final orderbook of $1.5bn (covered more than 3 times) that peaked at over $1.9bn. Both investors and geographic diversification were achieved. H E Sheikh Mohamed bin Hamad Bin Qassim Al Thani, Chairman of AlRayan Bank, commented 'We are delighted with the outstanding success of this issuance." "The significant demand for our sukuk reflects the financial strength and credit worthiness of AlRayan Bank, which is backed by its asset quality, strong liquidity & robust capitalization. We extend our sincere gratitude to all those who contributed to the success of this transaction Omar Al-Emadi, Acting Group Chief Executive Officer of AlRayan Bank, commented 'AlRayan Bank is pleased with its successful return to the international capital markets and with the remarkable response of this sukuk issuance not only from Qatar institutions but also from a diverse group of regional and international investors." "This underscores the global confidence in Qatar's economic resilience and AlRayan Bank's solid financial standing within the international financial markets. We extend our deepest gratitude to the Joint Global Coordinators & JLMs, whose expertise and unwavering commitment & support played a pivotal role in the success of this transaction.' Mizuho & HSBC acted as Joint Global Coordinators while Al Rayan Investment, Dubai Islamic Bank, Dukhan Bank, The Islamic Corporation for the Development of the Private Sector, Mashreq bank, MUFG, Qatar International Islamic Bank, QNB Capital, SMBC, Standard Chartered Bank and Warba Bank acted as the Joint Lead Managers and Book runners. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
26-05-2025
- Business
- Zawya
Qatar: Across the board selling drags QSE down; M-cap melts $719mln
Qatar - An across the board profit booking led the 20-stock Qatar Index to decline 0.35% to 10,736.41 points, although it touched an intraday high of 10,797 points. The US President's tariff proposal on the European Union and the geopolitical tension in the region had their impact on the Qatar Stock Exchange, which saw its key index lose as much as 38 points and capitalisation melt more than QR2bn on the first day of the week. An across the board profit booking led the 20-stock Qatar Index to decline 0.35% to 10,736.41 points, although it touched an intraday high of 10,797 points. The local retail investors turned net profit takers in the main market, whose year-to-date gains narrowed to 1.56%. About 68% of the traded constituents were in the red in the main bourse, whose capitalisation lost QR2.62bn or 0.41% to QR633.9bn on the back of midcap segments. The Gulf individuals were seen bearish in the main market, which saw as many as 210 exchange traded funds (sponsored by AlRayan Bank) valued at QR484 trade across two deals. The Gulf institutions' weakened net buying had its influence on the main bourse, whose trade turnover and volumes were on the decline. The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills. The foreign institutions continued to be net sellers but with lesser intensity in the main bourse, which saw no trading of sovereign bonds. The Total Return Index fell 0.35%, the All Islamic Index by 0.5% and the All Share Index by 0.4% in the main market. The insurance sector index declined 1.2%, transport (0.97%), real estate (0.61%), telecom (0.53%), consumer goods and services (0.5%), industrials (0.48%) and banks and financial services (0.2%). Major shakers in the main market include QLM, Vodafone Qatar, Beema, Nakilat, Baladna, Qatar Electricity and Water, Aamal Company, Qatar Insurance, Industries Qatar and Mazaya Qatar. Nevertheless, Commercial Bank, Mannai Corporation, Al Faleh Educational Holding, Qatar Oman Investment and Qatar German Medical Devices were among the movers in the main bourse. The Qatari individual investors turned net sellers to the tune of QR17.39mn compared with net buyers of QR7.08mn last Thursday. The Gulf retail investors were net sellers to the extent of QR0.15mn against net buyers of QR0.38mn on May 22. The Gulf institutions' net buying decreased perceptibly to QR8.34mn compared to QR10.99mn on the previous trading day. However, the domestic institutions turned net buyers to the tune of QR5.46mn against net sellers of QR3.37mn last Thursday. The foreign individual investors' net buying strengthened noticeably to QR3.81mn compared to QR0.88mn on May 22. The Arab retail investors were net buyers to the extent of QR3.47mn against net sellers of QR0.51mn the previous trading day. The foreign institutions' net buying decreased substantially to QR3.54mn compared to QR15.45mn last Thursday. The Arab institutions had no major net exposure. The main market witnessed a 24% plunge in trade volumes to 160mn shares, 46% in value to QR274.15mn and 49% in deals to 12,769. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
Qatar: QSE crosses 10,700 mark as Gulf funds up buying support; M-cap adds $1.43bln
The Qatar Stock Exchange (QSE) on Monday crossed the 10,700 mark, having gained more than 69 points, propelled notably by the industrials, banking and telecom sectors. The Gulf institutions were increasingly net buyers as the 20-stock Qatar Index rose 0.65% to 10,710.09 points, although it touched an intraday high of 10,737 points. The Arab individuals were also increasingly bullish in the main market, whose year-to-date gains widened further to 1.31%. About 64% of the traded constituents extended gains to investors in the main bourse, whose capitalisation added QR5.23bn or 0.83% to QR633.26bn on the back of midcap segments. The foreign funds continued to be net buyers but with lesser intensity in the main market, which saw as many as 0.02mn exchange traded funds (sponsored by AlRayan Bank) valued at QR0.05mn trade across six deals. The local retail investors' net profit booking was seen strengthening marginally in the main bourse, whose trade turnover and volumes were on the increase. The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills. The domestic institutions were seen increasingly net sellers in the main bourse, which saw no trading of sovereign bonds. The Total Return Index gained 0.65%, the All Islamic Index by 0.55% and the All Share Index by 0.7% in the main market. The industrials sector index rose 0.94%, banks and financial services (0.88%), telecom (0.86%), consumer goods and services (0.56%) and real estate (0.05%); while insurance and transport declined 0.47% and 0.27% respectively. Major gainers in the main market included Industries Qatar, Ooredoo, QIIB, Estithmar Holding, Qatar Cinema and Film Distribution, Medicare Group, Qatari Investors Group, Mannai Corporation, Qatar Islamic Bank, Dukhan Bank, Baladna, Al Faleh Educational Holding, QLM and Mazaya Qatar. In the junior bourse, Techno Q saw its shares appreciate in value. Nevertheless, Doha Bank, Milaha, Qatar Insurance, Al Mahhar Holding, AlRayan Bank, United Development Company and Vodafone Qatar were among the shakers in the main market. The Gulf institutions' net buying increased substantially to QR31.42mn compared to QR5.8mn the previous day. The Arab individual investors' net buying strengthened noticeably to QR10.13mn against QR3.78mn on May 18. However, the Qatari individuals' net selling expanded marginally to QR37.71mn compared to QR36.24mn on Sunday. The domestic institutions' net profit booking grew significantly to QR24.4mn against QR1.93mn the previous day. The foreign institutions' net buying decreased perceptibly to QR18.57mn compared to QR25.8mn on May 18. The foreign individual investors' net profit booking eased marginally to QR2.32mn against QR2.5mn on Sunday. The Arab institutions' net buying weakened markedly to QR0.37mn compared to QR1mn the previous day. The Gulf retail investors' net profit booking was rather flat at QR0.71mn. The main market witnessed a 36% surge in trade volumes to 292.09mn shares and 75% in value to QR732.05mn on more than doubled deals to 32,431. In the venture market, a total of 94,413 equities valued at QR0.26mn changed hands across 16 transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
16-05-2025
- Business
- Zawya
Qatar: QSE sees 62% of stocks in the red; index loses 19 points
The Qatar Stock Exchange (QSE) on Thursday fell about 19 points on selling pressure especially in the real estate, industrials, and transport sectors. The foreign individuals were increasingly net sellers as the 20-stock Qatar Index shed 0.18% to 10,574.59 points, although it touched an intraday high of 10,606 points. The foreign institutions' weakened net buying had its influence on the main market, whose year-to-date gains truncated to 0.03%. About 62% of the traded constituents were in the red in the main bourse, whose capitalisation shed QR0.94bn or 0.15% to QR624.62bn on the back of microcap segments. The Gulf retail investors were seen increasingly net profit takers in the main market, which saw as many as 0.05mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.13mn trade across 15 deals. The domestic funds continued to be net sellers but with lesser intensity in the main bourse, whose trade turnover and volumes were on the decline. The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills. The local retail investors continued to be bearish but with lesser vigour in the main bourse, which saw no trading of sovereign bonds. The Total Return Index was down 0.18%, the All Islamic Index by 0.25% and the All Share Index by 0.15% in the main market. The realty sector index shrank 1.08%, industrials (0.7%), transport (0.23%) and banks and financial services (0.11%); whereas telecom gained 1.64%, insurance (0.17%) and consumer goods and services (0.14%). Major losers in the main market included Qatar Electricity and Water, Barwa, Ezdan, Alijarah Holding, Estithmar Holding, Dukhan Bank, Salam International Investment, Gulf Warehousing and Milaha. In the junior bourse, Techno Q saw its shares depreciate in value. Nevertheless, Lesha Bank, Medicare Group, Mannai Corporation, Vodafone Qatar and Ooredoo were among the movers in the main market. The foreign individual investors' net selling grew noticeably to QR7.72mn compared to QR3.06mn on Wednesday. The Gulf retail investors' net profit booking expanded marginally to QR0.4mn against QR0.32mn the previous day. The foreign institutions' net buying decreased substantially to QR16.87mn compared to QR34.76mn on May 14. However, the Gulf institutions' net buying increased considerably to QR14mn against QR2.86mn on Wednesday. The domestic institutions' net selling weakened markedly to QR9.78mn compared to QR13.79mn the previous day. The Arab retail investors' net profit booking declined noticeably to QR6.5mn against QR11.72mn on May 14. The Qatari individual investors' net selling eased perceptibly to QR6.47mn compared to QR8.76mn on Wednesday. The Arab institutions had no major net exposure against net buyers to the tune of QR0.03mn the previous day. The main market witnessed a 23% contraction in trade volumes to 169.12mn shares and 4% in value to QR446.69mn but on 3% jump in deals to 22,508. In the venture market, a total of 3,883 equities valued at QR0.01mn changed hands across four transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Santhosh V. Perumal
Zawya
14-05-2025
- Business
- Zawya
Qatar: QSE snaps three-day bull-run; index falls 24 points
The Arab individuals were increasingly net sellers as the 20-stock Qatar Index shed 0.22% to 10,585.58 points Snapping three consecutive days of bullish run, the Qatar Stock Exchange (QSE) on Tuesday lost about 24 points and its key index retreated below 10,600 points. The Arab individuals were increasingly net sellers as the 20-stock Qatar Index shed 0.22% to 10,585.58 points, although it touched an intraday high of 10,650 points. The telecom and transport counters witnessed higher than average selling pressure in the main market, whose year-to-date gains truncated to 0.14%. About 55% of the traded constituents were in the red in the main bourse, whose capitalisation shed QR0.49bn or 0.08% to QR623.85bn on the back of microcap segments. The domestic institutions turned net profit takers in the main market, which saw as many as 0.19mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.43mn trade across 49 deals. The foreign funds' weakened net buying had its influence on the main bourse, whose trade turnover and volumes were on the increase. The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills. The local retail investors continued to be net profit takers but with lesser intensity in the main bourse, which saw no trading of sovereign bonds. The Total Return Index shed 0.22%, the All Islamic Index by 0.33% and the All Share Index by 0.17% in the main market. The telecom sector index declined 1.35%, transport (0.7%), banks and financial services (0.16%) and real estate (0.11%); while insurance gained 0.47%, consumer goods and services (0.17%) and industrials (0.13%). Major losers in the main market included Qatar General Insurance and Reinsurance, Vodafone Qatar, Milaha, Lesha Bank, United Development Company, Doha Bank, Al Faleh Educational Holding, Qatar Insurance and Ooredoo. In the junior bourse, Techno Q saw its shares depreciate in value. Nevertheless, Estithmar Holding, Gulf International Services, Ezdan, Alijarah Holding, Qatar Insurance, Qatar Electricity and Water, Aamal Company and Mazaya Qatar were among the gainers in the main market. The Arab retail investors' net selling increased noticeably to QR6.41mn compared to QR2.64mn the previous day. The Gulf individual investors' net profit booking rose marginally to QR1.68mn against QR1.39mn on Monday. The domestic institutions turned net sellers to the tune of QR1.59mn compared with net buyers of QR9.2mn on May 12. The Arab institutions were net profit takers to the extent of QR0.79mn against no major net exposure the previous day. The foreign institutions' net buying decreased substantially to QR35.78mn compared to QR74.8mn on Monday. The Gulf institutions' net buying weakened perceptibly to QR1.77mn against QR10.25mn on May 12. However, the Qatari retail investors' net selling shrank significantly to QR26.46mn compared to QR85.98mn the previous day. The foreign individual investors' net profit booking eased markedly to QR0.63mn against QR4.25mn on Monday. The main market witnessed a 13% surge in trade volumes to 267.81mn shares, 6% in value to QR565.26mn and less than 1% in deals to 20,630. In the venture market, a total of 24,978 equities valued at QR0.07mn change hands across 10 transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. ( Santhosh V. Perumal
