Latest news with #ArqaamCapital
Zawya
28-05-2025
- Business
- Zawya
Sharjah Islamic Bank launches $500mln perpetual non-call 6-year AT1 sukuk
Sharjah Islamic Bank (SIB) has tightened the price of its $500 million benchmark perpetual non-call 6-year AT1 sukuk offering, with the yield set at 6.125% from an IPT of 6.500% announced earlier in the day. Books were over $1 billion, excluding JLM interest. SIB, which is Sharjah's largest bank by total assets, is rated A- by S&P (negative outlook) and BBB+ by Fitch (stable outlook). The lender said the Mudaraba offering will be a part of SIB's $500 million Additional Tier 1 Capital Certificates programme. Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Kamco Invest, Mashreq and Standard Chartered Bank have been appointed as Joint Lead Managers and Joint Bookrunners for the Reg S fixed rate resettable unrated offering. The issue date for the offering is June 4, 2025 and it will trade on Euronext Dublin and Nasdaq Dubai. (Writing by Bindu Rai, editing by Seban Scaria)
Zawya
28-05-2025
- Business
- Zawya
IPTs out for Sharjah Islamic Bank's USD perpetual non-call 6-year AT1 sukuk
Sharjah Islamic Bank (SIB), rated A- by S&P (negative outlook) and BBB+ by Fitch (stable outlook), has revealed IPTs in the 6.500% area for its USD benchmark perpetual non-call 6-year AT1 sukuk offering. The final pricing will be announced today. Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Kamco Invest, Mashreq and Standard Chartered Bank have been appointed as Joint Lead Managers and Joint Bookrunners for the Reg S fixed rate resettable unrated offering. As Sharjah's largest bank by total assets, the Mudaraba offering will be a part of SIB's $500 million Additional Tier 1 Capital Certificates programme. The issue date for the offering is June 4, 2025. The sukuk will trade on Euronext Dublin and Nasdaq Dubai. The ADX-listed SIB said the net proceeds of the issue will be used to enhance its tier 1 capital as well as for general corporate purposes. (Writing by Bindu Rai, editing by Daniel Luiz)
Zawya
26-05-2025
- Business
- Zawya
Sharjah Islamic Bank mandates banks for USD Perpetual AT1 sukuk
Sharjah Islamic Bank (SIB), rated A- by S&P (negative outlook) and BBB+ by Fitch (stable outlook), has mandated banks for a USD benchmark perpetual non-call 6-year AT1 sukuk offering. Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Kamco Invest, Mashreq and Standard Chartered Bank have been appointed as Joint Lead Managers and Joint Bookrunners for the Reg S fixed rate resettable unrated offering. As Sharjah's largest bank by total assets, the sukuk offering will be a part of SIB's $500 million Additional Tier 1 Capital Certificates programme. The sukuk will trade on Euronext Dublin and Nasdaq Dubai. The ADX-listed SIB said the net proceeds of the issue will be used to enhance its tier 1 capital as well as for general corporate purposes. This is SIB's second sukuk offering of the year, with the lender pricing $500 million senior unsecured sukuk on 19 February 2025, at a yield of 5.20%, translating into a spread of 89.8bps over 5-year US Treasuries. (Writing by Bindu Rai, editing by Brinda Darasha)
Zawya
20-05-2025
- Business
- Zawya
H.E. Sheikh Nahayan Mabarak Al Nahyan opens the 12th Annual MENA Investor Conference in Abu Dhabi, organized by Arqaam Capital, with a clear vision for sustainable growth and global market confidence
Abu Dhabi, United Arab Emirates: His Excellency Sheikh Nahayan Mabarak Al Nahyan, Minister of Tolerance and Coexistence, officially opened the 12th Annual MENA Investor Conference, organized by Arqaam Capital in collaboration with the Abu Dhabi Securities Exchange (ADX). The event welcomed more than 500 senior executives, global investors, and policymakers who gathered in the UAE capital to explore investment prospects and structural market transformations across the region. This year's conference brings together representatives managing over USD 1 trillion in assets, including institutional investors, private equity and venture capital firms, national corporations, government entities, and high-growth startups. In his keynote address, H.E. Sheikh Nahayan Mabarak Al Nahyan affirmed that the UAE's financial system stands as a global model of openness, resilience, and inclusive development, emphasizing the need to build an economic future grounded in sustainability, social responsibility, and international cooperation. His Excellency stated: 'The Arqaam Capital Conference is a premier platform that brings together financial leaders from our region and across the world. We are pleased to welcome such a distinguished gathering under our Arab tent, symbolizing an open investment environment that has become one of the most vibrant globally.' He added: 'This year's theme 'From Vision to Value Creation: Navigating MENA's Market Transformation' reflects the UAE's and Abu Dhabi's real-world steps toward a prosperous future. Abu Dhabi is not only a center of finance, business, education, and healthcare, it is a city of the future and a source of creativity and innovation serving humanity.' H.E. Sheikh Nahayan emphasized that the Abu Dhabi 2030 Vision reflects the nation's ambition to build a cohesive and sustainable society that preserves cultural identity while embracing global openness. Key pillars of the strategy include: sustainable development, knowledge-based economy, public-private partnerships, renewable energy, education and health, the arts, transparency, and international collaboration. He expressed pride in the UAE's progress in financial markets, stating: 'Under the wise leadership of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, the country has become a dynamic hub serving more than two billion people across the Middle East, South Asia, and beyond. We have capitalized on our natural resources to build a diversified, secure, and innovation-driven economy.' H.E. Sheikh Nahayan further noted that the declaration of 2025 as the 'Year of Community' highlights the UAE's deep-rooted commitment to openness and social cohesion, pointing out that the UAE's financial system was founded on the principles of openness, accessibility, and transparency. He continued: 'Since the country's founding 54 years ago, we have followed an open economic model that encourages free trade and smooth investment flows. This openness enabled rapid and diversified growth, strengthening our financial markets. But openness alone was not enough, transparency played a key role in building investor confidence and ensuring trust in our financial institutions.' In concluding his remarks, H.E. Sheikh Nahayan called on investors and companies to adopt a values-based approach to finance, saying: 'As Minister of Tolerance and Coexistence, I view your presence today as a call to reflect the economic value of tolerance. I encourage investors to integrate the Triple Bottom Line into their strategies: financial responsibility, environmental stewardship, and social equity. These values pave the way for a more humane global financial system that places peace, stability, and mutual understanding at the heart of economic behavior.' He concluded: 'I am confident that you leaders of the global financial community will continue to innovate, enhance efficiency, and strengthen the long-term sustainability of the sector. I wish you a productive and enriching conference - one that leads to knowledge, collaboration, and lasting partnerships.' The conference holds special significance this year as it coincides with the UAE's declaration of 2025 as the Year of Sustainability and Community. Discussions throughout the day reinforced the importance of building value-driven financial systems that foster trust and prioritize human well-being over short-term returns. Day one featured closed-door sessions, issuer workshops, and curated one-on-one meetings between investors and regional companies - creating direct access to deal flow and partnership opportunities across the MENA region. The day concluded with strong engagement and optimism, as participants agreed that the region is no longer just attracting global capital but actively shaping the next phase of financial market evolution. The conference continues tomorrow with deeper sector insights and expanded dialogue between investors and corporates. About Arqaam Capital Founded in 2007, Arqaam Capital is a leading institutional financial services firm in the Middle East and North Africa region, with a presence in the UAE, Saudi Arabia, Egypt, and Lebanon. The firm combines global best practices with deep regional insight to deliver innovative investment solutions to institutions, family offices, and high-net-worth individuals. Known for its professionalism, creativity, and award-winning service, Arqaam Capital is a trusted partner in driving growth and delivering value across some of the world's most dynamic markets.
Al Etihad
19-05-2025
- Business
- Al Etihad
Strong energy sector gives Abu Dhabi competitive edge in global AI race
20 May 2025 00:18 KHALED AL KHAWALDEH (ABU DHABI) Abu Dhabi's rapidly evolving AI ecosystem is closely tied to its world-class energy sector, experts said at a conference on Monday, following last week's landmark announcement of the record-breaking 5GW UAE-US data centre. The capital's abundant energy resources are expected to give it a competitive edge in the global AI race, the industry leaders added. "There's no AI without energy," said ADNOC Drilling CFO Yousef Salem, reflecting on the UAE's upcoming AI campus during talks held at the Arqaam Capital MENA Conference in Abu Dhabi. "The simultaneous announcements with major US players like Exxon and Occidental are not coincidental … Abu Dhabi is positioning itself as the nexus of energy and technology, creating a holistic strategy that fuels exponential growth."Last week, ADNOC and Exxon Mobil Corp and Occidental announced plans to expand the nation's oil and gas production capacity. Deals which Salem said were heavily influenced by the rapid expansion of AI infrastructure. He said the emergence of AI had become a key factor in future energy decisions. This sentiment was echoed by Magdalena Konig, General Counsel and Company Secretary at AIQ, who praised the UAE's leadership for pre-empting the global AI-energy dialogue years ago. "You cannot talk about the silicon age without addressing energy efficiency," Kenesbai said. "Data centres use about like 2% of global energy, but that is actually expected to increase by about 50% by the end of this year. And I think by the end of the decade, it's going to increase by, you know, 165%, the symbiosis between energy and AI is not optional; it is critical." Konig said the strategic partnerships Abu Dhabi has forged with US technology giants - which coincided with strong energy ties - were critical to developing the infrastructure required to support AI's massive computational and energy Prashanth Marpu, CTO at Smart Solutions part of Space42, added that Abu Dhabi's investments are not merely symbolic. "All this infrastructure is being built because it will be fully utilised," he said. "We are building platforms that not only serve the UAE but also offer solutions globally." The panellists agreed that Abu Dhabi's strategy of building both AI and energy ecosystems end-to-end gave it a competitive edge. They believed that by investing in everything from academic institutions and research hubs to industrial partnerships and regulatory sandboxes, the emirate was constructing a comprehensive innovation landscape. "This clustering of industries creates gravitational pull, making Abu Dhabi a magnet for talent, capital, and technological breakthroughs," Salem said. "AI and energy are two sides of the same coin, and Abu Dhabi holds that coin firmly in its hand."
