Latest news with #BinduRai
Zawya
6 hours ago
- Business
- Zawya
Muscat Finance to establish a $130mln bond programme
Muscat Finance has revealed plans to establish a non-convertible, unsecured, unsubordinated bond programme at a total value of 50 million Omani rials ($130 million) as it looks to tap the debt market. The programme will be issued in multiple tranches, with the first tranche amounting to OMR 5 million, with a greenshoe option of OMR 2.5 million. The bonds will be listed on the Muscat Stock Exchange, following regulatory approval. Muscat Clearing and Depository has been appointed as lead agents. (Writing by Bindu Rai, editing by Seban Scaria)
Zawya
8 hours ago
- Business
- Zawya
Abu Dhabi-listed Agility Global signs $500mln credit facility
The Abu Dhabi-listed Agility Global, a subsidiary of Agility Public Warehousing Company, has signed $500 million credit facility. The facility has a maturity of three years of signing, dated June 10, 2025, with certain extension options. Agility Global, which is 51% owned by the Kuwait logistics giant Agility Public Warehousing Co., said the credit facility will be used to fund ongoing operations and future growth. (Writing by Bindu Rai, editing by Daniel Luiz)
Zawya
a day ago
- Business
- Zawya
Emirates Islamic to delist from DFM on June 10
Emirates Islamic Bank (EIB) has started the process to delist from the Dubai Financial Market (DFM) following its acquisition by Emirates NBD. EIB has instructed DFM to suspend trading of its shares from Tuesday, 10 June 2025, 'and all remaining EIB shares not already held by ENBD' to be re-registered in the Dubai lender's name by 13 June. Emirates NBD has said it will settle any cash consideration due to remaining EIB shareholders through the relevant payment channels. (Writing by Bindu Rai, editing by Seban Scaria)
Zawya
01-05-2025
- Business
- Zawya
Banque Saudi Fransi completes offering of $650mln AT1 bond
Banque Saudi Fransi (BSF) completes offerings of its $650 million US dollar-denominated six-year non-call perpetual AT1 bond, with a reset margin of +252 basis points and a 6.375% coupon. The final order book was in excess of $1.9 billion. The issuance comes under BSF's $3 billion AT1 Capital Note Programme. The issue date is set as May 7, 2025, with the AT1 bond to be listed on the London Stock Exchange. BSF is rated A1 (stable) by Moody's, and A- (stable) by S&P and Fitch. HSBC, Abu Dhabi Commercial Bank, Saudi Fransi Capital, Citigroup Global Markets, Crédit Agricole Corporate and Investment Bank, Emirates NBD Capital, Mashreqbank, Merrill Lynch Kingdom of Saudi Arabia, MUFG Securities EMEA plc and Mizuho International plc have been appointed as joint lead managers. (Writing by Bindu Rai, editing by Seban Scaria)
Zawya
01-05-2025
- Business
- Zawya
Saudi IPO momentum continues with two firms announcing NOMU listing plans
Two Saudi Arabian firms have announced plans to proceed with IPOs on the parallel market NOMU in the coming weeks. Saudi Arabia's education services provider Dome International Investment Company's float represents 14.53% of the company's share capital, comprising 850,000 shares, with the offering period to run from May 19, 2025 until May 26, 2025. Watheeq Capital Company has been appointed as financial advisor on the potential offering. Founded in 2016, Dome International runs schools and accredited educational testing centres across the kingdom. The company received approval from the Captial Markets Authority in March. Asas Makeen Real Estate Development and Investment Company has also published its prospectus for a NOMU IPO, offering 1 million shares, which represent 10% of the share capital. The price will be determined after the book-building period, with the offering period to begin on May 19, 2025, and end on May 25, 2025. Yaqeen Capital Company has been appointed as the financial advisor and lead manager on the offering. The latest IPO announcements joins a growing list of companies that have received approval from Saudi Arabia's Capital Markets Authority regulator for the month of May. Other companies in the pipeline include Dkhoun National Trading Company, Axelerated Solutions for Telecommunications and Information Technology Co. and Al Kuzama Trading Company. (Writing by Bindu Rai, editing by Seban Scaria)
