Latest news with #Ijara
Muscat Daily
a day ago
- Business
- Muscat Daily
OETC receives ratings from Moody's and Fitch for sukuk, GMTN programmes
Muscat – Oman Electricity Transmission Company (OETC) has received inaugural ratings from both Moody's Ratings and Fitch Ratings for its newly established sukuk and Global Medium-Term Note (GMTN) programmes, supporting the company's capital investment and debt refinancing strategy. Moody's has assigned a (P)Ba1 rating to the backed senior unsecured trust certificate issuance programme (sukuk programme) of Al Jawaher Assets Company, a special purpose vehicle established by OETC. It has also assigned a (P)Ba1 rating to the senior unsecured GMTN issuance programme established under OETC. The outlook on both ratings is stable, according to Moody's. Moody's stated that the (P)Ba1 rating on the sukuk programme is at the same level as OETC's Ba1 corporate family rating. 'This is because potential certificate holders (1) will be effectively exposed to OETC's senior unsecured credit risk; (2) will not have any preferential claim or recourse over the trust assets, or rights to cause any sale or disposition of the trust assets except as expressly provided under the transaction documents; and (3) will only have rights against OETC, ranking pari passu with other senior unsecured obligations as provided in the transaction documents,' Moody's said in a statement. 'As such, a change in OETC's rating will be reflected in the ratings of the sukuk programme and any certificates issued under the programme. The sukuk structure will consist of Ijara assets (an asset sale and lease-back transaction). Our rating of the sukuk programme does not express an opinion on the structure's compliance with Shariah law,' the agency added. In a similar vein, Moody's has also assigned a (P)Ba1 rating to the new GMTN programme. Bonds issued under the GMTN programme will rank pari passu with other senior unsecured obligations of OETC. 'As part of its funding plans, OETC is expected to issue bonds and sukuk under these newly established programmes for general corporate purposes, including the refinancing of existing debt and funding of ongoing capital investments,' Moody's added. Moody's noted that OETC's ratings continue to be supported by: a stable and transparent regulatory framework for electricity transmission and the independence of the regulator; the cost-recovery mechanisms within the regulatory framework; the low business risk profile of electricity transmission activities; the company's monopoly position in Oman; and supportive shareholders. The stable outlook reflects Moody's expectation of OETC's sustained operating performance over the next 12 to 18 months. Meanwhile, Fitch Ratings has assigned a 'BB+' rating to OETC's sukuk trust certificate programme, issued through trustee Al Jawaher Assets Company. Fitch has also given a 'BB+' rating to the company's GMTN programme. 'The ratings reflect the programmes' final terms and are in line with OETC's Long-Term Issuer Default Rating (IDR) and senior unsecured rating. OETC is using the proceeds for general corporate purposes, including capital expenditure and debt refinancing,' Fitch said in a statement. It added that the sukuk programme's rating is aligned with OETC's IDR. This reflects Fitch's view that a default on these senior unsecured obligations would constitute a default by OETC, in accordance with the agency's rating definitions.
Yahoo
13-05-2025
- Business
- Yahoo
Saudi Arabia Financial Leasing Market Forecasts & Opportunity Report 2024-2025 & 2030: Rise of Islamic Leasing, Regulatory Complexity and Compliance Requirements, Vision 2030 Impacts
Saudi Arabian Financial Leasing Market Dublin, May 13, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Financial Leasing Market, Region, Competition, Forecast & Opportunities, 2020-2030F" report has been added to Saudi Arabia Financial Leasing Market was valued at USD 58.76 Billion in 2024, and is expected to reach USD 102.67 Billion by 2030, rising at a CAGR of 9.81% Market growth is being propelled by economic diversification under Vision 2030, regulatory support, and rising demand for asset-based financing. Financial leasing, commonly referred to as Ijarah in the region, is widely used by banks and non-banking financial institutions to offer structured asset financing. The surge in commercial activities, driven by e-commerce and infrastructure development projects like the Red Sea Project and Qiddiya, has significantly increased the need for leased commercial vehicles, machinery, and warehouse space. Furthermore, support from the Saudi Central Bank (SAMA) has helped formalize the leasing ecosystem, encouraging transparency and sustainable market Market DriversEconomic Diversification and Vision 2030 Vision 2030 has been instrumental in accelerating the financial leasing sector by promoting non-oil industries such as construction, transport, and manufacturing. As part of this vision, financial leasing enables businesses to access essential machinery, vehicles, and equipment while preserving cash flow. Major infrastructure initiatives, including NEOM and other urban development projects, are creating substantial demand for leased construction equipment and vehicles. Additionally, leasing offers a strategic advantage for SMEs by enabling asset acquisition without upfront capital investment, supporting broader economic participation and entrepreneurship across various Market Challenges Regulatory Complexity and Compliance RequirementsThe financial leasing landscape in Saudi Arabia faces regulatory challenges due to evolving compliance standards enforced by the Saudi Arabian Monetary Authority (SAMA). Stringent licensing criteria, capital norms, and borrower assessment requirements add complexity and operational costs for leasing providers. For smaller players, these barriers may restrict scalability and competitiveness. Furthermore, the necessity to align with Sharia-compliant leasing models like Ijara introduces added product structuring complexity. Leasing providers must invest in legal and operational frameworks to meet both regulatory and religious compliance, leading to increased product development time and Market Trends Rise of Islamic LeasingThe growing preference for Sharia-compliant financial products has bolstered the expansion of Islamic leasing (Ijara). This model, where the asset remains under the ownership of the lessor while the lessee pays usage installments, is gaining popularity among consumers seeking ethical financing solutions. Financial institutions are responding by developing Ijara-based offerings across vehicle, real estate, and equipment leasing categories. SAMA's regulatory oversight ensures these offerings adhere to Islamic finance standards. As more consumers and businesses seek faith-aligned financing, Islamic leasing is becoming a key growth area, with financial firms introducing innovative Ijara-based products tailored to specific Market Players Yanal Finance Company Gulf Lifting Financial Leasing Company AJIL Financial Services Company Al Yusr Leasing & Financing Co Gulf Finance Company Saudi Fransi Lease Finance Company Alinma Bank Saudi National Bank Al-Rajhi Banking & Investment Corporation Al Arabi Heavy Equipment Lease Company Key Attributes: Report Attribute Details No. of Pages 82 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $58.76 Billion Forecasted Market Value (USD) by 2030 $102.67 Billion Compound Annual Growth Rate 9.8% Regions Covered Saudi Arabia Key Topics Covered: 1. Introduction1.1. Product Overview1.2. Key Highlights of the Report1.3. Market Coverage1.4. Market Segments Covered1.5. Research Tenure Considered2. Research Methodology2.1. Methodology Landscape2.2. Objective of the Study2.3. Baseline Methodology2.4. Formulation of the Scope2.5. Assumptions and Limitations2.6. Sources of Research2.7. Approach for the Market Study2.8. Methodology Followed for Calculation of Market Size & Market Shares2.9. Forecasting Methodology3. Executive Summary3.1. Overview of the Market3.2. Overview of Key Market Segmentations3.3. Overview of Key Market Players3.4. Overview of Key Regions3.5. Overview of Market Drivers, Challenges, and Trends4. Voice of Customer4.1. Brand Awareness4.2. Factor Influencing Availing Decision5. Saudi Arabia Financial Leasing Market Outlook5.1. Market Size & Forecast5.1.1. By Value5.2. Market Share & Forecast5.2.1. By Lease Type (Commercial Vehicle Lease, Construction Machinery and Equipment Lease, Plant and Machinery Lease, Real Estate Lease, Others)5.2.2. By Provider Type (Banks, NBFCs)5.2.3. By Tenure Period (Less than 5 years, 5 and More than 5 Years)5.2.4. By End User (Logistics/Transport, FMCG, E-commerce, Retail, Industries, Construction, Government Sector, Others)5.2.5. By Region5.2.6. By Company (2024)5.3. Market Map6. Saudi Arabia Commercial Vehicle Lease Market Outlook6.1. Market Size & Forecast6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Provider Type6.2.2. By Tenure Period6.2.3. By End User7. Saudi Arabia Construction Machinery and Equipment Lease Market Outlook7.1. Market Size & Forecast7.1.1. By Value7.2. Market Share & Forecast7.2.1. By Provider Type7.2.2. By Tenure Period7.2.3. By End User8. Saudi Arabia Plant and Machinery Lease Market Outlook8.1. Market Size & Forecast8.1.1. By Value8.2. Market Share & Forecast8.2.1. By Provider Type8.2.2. By Tenure Period8.2.3. By End User9. Saudi Arabia Real Estate Lease Market Outlook9.1. Market Size & Forecast9.1.1. By Value9.2. Market Share & Forecast9.2.1. By Provider Type9.2.2. By Tenure Period9.2.3. By End User10. Market Dynamics10.1. Drivers10.2. Challenges11. Market Trends & Developments11.1. Merger & Acquisition (If Any)11.2. Product Launches (If Any)11.3. Recent Developments12. Porters Five Forces Analysis12.1. Competition in the Industry12.2. Potential of New Entrants12.3. Power of Suppliers12.4. Power of Customers12.5. Threat of Substitute Products13. India Economic Profile14. Policy & Regulatory Landscape15. Competitive Landscape15.1. Company Profiles15.1.1. Yanal Finance Company15.1.1.1. Business Overview15.1.1.2. Company Snapshot15.1.1.3. Products & Services15.1.1.4. Financials (As Per Availability)15.1.1.5. Key Market Focus & Geographical Presence15.1.1.6. Recent Developments15.1.1.7. Key Management Personnel15.1.2. Gulf Lifting Financial Leasing Company15.1.3. AJIL Financial Services Company15.1.4. Al Yusr Leasing & Financing Co15.1.5. Gulf Finance Company15.1.6. Saudi Fransi Lease Finance Company15.1.7. Alinma Bank15.1.8. Saudi National Bank15.1.9. Al-Rajhi Banking & Investment Corporation15.1.10. Al Arabi Heavy Equipment Lease Company16. Strategic RecommendationsFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Financial Leasing Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Bahrain News Gazette
30-04-2025
- Business
- Bahrain News Gazette
CBB Sukuk Al Ijara Oversubscribed by 258%
Manama: The Central Bank of Bahrain (CBB) has announced that the monthly issue of its short-term Islamic leasing (Ijara) Sukuk has been oversubscribed by 258%. The total subscriptions reached BD 67.134 million for a BD 26 million issue, which has a maturity period of 182 days. According to Bahrain News Agency, the expected return on this issue, which commenced on May 1 and will mature on October 30, is set at 5.28%. This is slightly higher than the 5.25% return offered in the previous issue dated April 3. The Sukuk Al Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This oversubscribed issue is identified as No.237 (BH0001617859) in the series of short-term Sukuk Al Ijara.
Biz Bahrain
05-03-2025
- Business
- Biz Bahrain
CBB Sukuk Al-Ijara oversubscribed by 427%
The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing (Ijara) Sukuk, has been oversubscribed by 427%. Subscriptions worth BD 111.085 million were received for the BD 26 million issue, which carries a maturity of 182 days. The expected return on the issue, which begins on 6th March 2025 and matures on 4th September 2025, is 5.35% compared to 5.40% of the previous issue on 30th January 2025. The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.235 (BH0001X411J7) of the short-term Sukuk Al-Ijara series.
Bahrain News Gazette
29-01-2025
- Business
- Bahrain News Gazette
CBB Sukuk Al-Ijara Oversubscribed by 563%
Manama: The Central Bank of Bahrain (CBB) has announced that the monthly issue of its short-term Islamic leasing (Ijara) Sukuk has been oversubscribed by 563%. This significant level of interest resulted in subscriptions amounting to BD 146.496 million for an issue valued at BD 26 million. The Sukuk carries a maturity period of 182 days. According to Bahrain News Agency, the expected return on the current issue, which commenced on January 30 and is set to mature on July 31, stands at 5.40%. This marks a slight decrease from the 5.62% return offered for the previous issue dated January 2. The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This issuance is identified as No.234 (BH0001Q45ZL1) in the short-term Sukuk Al-Ijara series, reflecting sustained investor confidence and interest in Bahrain's financial instruments.
