Latest news with #DanielLuiz
Zawya
21-05-2025
- Business
- Zawya
Kuwait Real Estate Co. unit secures facility worth $46.3mln
Kuwait Real Estate Company (KREC) said a subsidiary has signed a credit facility agreement in the United Arab Emirates for a value of 170 million dirhams (KWD 14.16 million $46.3 million). The company didn't name the bank or the terms of the loan. The facility will be used to repay an existing loan of AED 154.68 million with the remainder used to finance the company's real estate and hotel activities within the UAE. (Writing by Brinda Darasha; editing by Daniel Luiz)
Zawya
14-05-2025
- Business
- Zawya
Kuwait's Warba Bank's AT1 sukuk price tightens to 6.25%
Kuwait's Warba Bank has priced its $250 million AT1 sukuk at 6.25%, tighter than the original price guidance of around 6.5%. The perpetual non-call 5.5 year sukuk will have a benchmark yield of 4.148% with a reoffer yield of 6.250%. (Writing by Imogen Lillywhite; editing by Daniel Luiz)
Zawya
13-05-2025
- Business
- Zawya
Warba Bank $250 mln AT1 sukuk price guidance at 6.5%
Price guidance for Kuwait's part state-owned Warba Bank $250 million AT1 capital sukuk offering is at the 6.5% area. The Reg S category 2 5.5 year listing will list on Nasdaq Dubai and London Stock Exchange's International Securities Market, with issuance expected 20th May. (Writing by Imogen Lillywhite; editing by Daniel Luiz)
Zawya
08-05-2025
- Business
- Zawya
Saudi ACWA Power sees Q1 profit jump, beats estimate
Saudi Arabia's integrated utility ACWA Power posted a 44% increase in Q1 2025 net profit to 427 million riyals ($114 million) on higher operating income and lower impairment loss on Noor 3 CSP IPP in Morocco by SAR 138 million The result came above analysts' mean estimate of SAR 348 million, according to data provider LSEG. On a quarterly basis, however, profit slipped 15% from SAR 502 million. Revenue improved to SAR 1.96 billion versus SAR 1.25 billion in the year-ago period. Net impairment charges were SAR 7.40 million, narrowed from SAR 145.8 million in the same quarter of 2024. (Writing by Brinda Darasha; editing by Daniel Luiz)
Zawya
08-05-2025
- Business
- Zawya
Dubai's Emaar Development's Q1 net profit up 39%, misses estimate
EARNINGS The value of property sales rose 28% YoY to $4.49bln Dubai's largest listed developer Emaar Development PJSC's Q1 2025 net profit surged 39% to 2.36 billion dirhams ($642.6 million). The effort missed analysts' mean estimate of AED 2.45 billion, according to data provider LSEG. Revenue grew 43% year-on-year to AED 5 billion, while revenue backlog added 52% to AED100 billion YoY. The value of property sales rose 28% YoY to AED 16.5 billion. (Writing by Brinda Darasha; editing by Daniel Luiz) Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
