Latest news with #PrinceKhaled
Gulf Business
17 hours ago
- Business
- Gulf Business
Arada raises $450m in oversubscribed sukuk issuance
Image: Getty Images/ For illustrative purposes The RegS Sukuk, priced with a fixed coupon of 7.150 per cent, drew peak orders exceeding $2bn, excluding joint lead managers. The transaction priced 47.5 to 60 basis points tighter than initial guidance of 7.625 to 7.750 per cent, landing at a spread of 317 bps over US Treasuries. The paper is rated BB- by Fitch and B1 by Moody's and has been listed on both the London Stock Exchange and Nasdaq Dubai. Proceeds from the issuance will partly fund a tender offer of up to $100m for Arada's outstanding 2027 Sukuk, with the remainder earmarked for general corporate purposes. Arada sukuk attracts interest for investors in Europe, Middle East and Asia Prince Khaled bin Alwaleed bin Talal, executive VC of Arada, said the strong investor response was a vote of confidence in the company's performance and future prospects. 'Our latest successful return to the global markets reflects once again the trust being placed by regional and international investors in Arada's track record, robust financial position and growth prospects,' he said. The sukuk attracted broad investor interest across Europe, the Middle East and Asia, with participation from banks, private banks, asset managers, hedge funds and other institutional investors. Joint global coordinators for the transaction were Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Mashreq and Standard Chartered. Joint Lead Managers and Bookrunners included Arab Bank, Arqaam Capital, Bank ABC, RAK Bank, Sharjah Islamic Bank and Warba Bank. Arada, which launched operations in 2017, has delivered over 10,000 units to date and sold more than 17,000 homes valued at Dhs29bn. Its project pipeline spans the UAE and Australia, with a total value exceeding Dhs90bn. Read:
Zawya
21-07-2025
- General
- Zawya
‘Sleeping Prince' Alwaleed bin Khaled passes away after 20-year coma
RIYADH — Prince Khaled bin Talal has announced the passing of his son, Prince Alwaleed bin Khaled bin Talal, following nearly two decades in a coma after a severe traffic accident in London in 2005. Prince Khaled stated that funeral prayers for his son will be held on Sunday at Imam Turki bin Abdullah Mosque in Riyadh, following Asr prayer. Known widely as 'The Sleeping Prince,' Prince Alwaleed fell into a complete coma after the accident during his studies in the UK. He remained under close medical supervision for almost 20 years, never regaining consciousness despite brief episodes of limited movement that offered fleeting moments of hope. Throughout this period, Prince Khaled firmly resisted removing life support, expressing unwavering faith that life and death rest solely in God's hands. His son's condition attracted immense sympathy across the Kingdom and beyond, with millions closely following his story over the years. Prince Alwaleed's prolonged medical struggle came to an end with the announcement of his death on Saturday, closing a chapter that deeply touched the hearts of many. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Gulf Business
21-07-2025
- Gulf Business
Prince Alwaleed bin Khalid bin Talal bin Abdulaziz Al Saud dies after 20 years in coma
Image: X Saudi Arabia's Royal Court issued a statement on Juy 19, announcing the death of Prince Alwaleed bin Khalid bin Talal bin Abdulaziz Al Saud. The funeral prayer was held on following the Asr prayer at Imam Turki bin Abdullah Mosque in Riyadh, Prince Alwaleed — widely known as Saudi Arabia's 'Sleeping Prince' remained unconscious since a 2005 car accident, believed to have occurred in London, which left him with critical brain injuries . His father, Prince Khaled bin Talal, also posted about his passing in an emotional message on social media platform, X. {يَا أَيَّتُهَا النَّفْسُ الْمُطْمَئِنَّةُ، ارْجِعِي إِلَىٰ رَبِّكِ رَاضِيَةً مَّرْضِيَّةً، فَادْخُلِي فِي عِبَادِي، وَادْخُلِي جَنَّتِي} بقلوب مؤمنة بقضاء الله وقدره وببالغ الحزن والأسى ننعى إبننا الغالي الأمير الوليد بن خالد بن طلال بن عبدالعزيز آل سعود رحمه الله الذي انتقل… — خالد بن طلال بن عبد العزيز ( أبو الوليد ) (@allah_cure_dede) Family‑shared videos showed him connected to life‑support machines, one image draped in a Saudi flag. The Global Imams Council also shared a statement sharing its respects and condolences with the Saudi Royal family. Statement On the Passing of Prince Alwaleed bin Khaled bin Talal Al Saud — Global Imams Council (GIC) (@ImamsOrg)
Times of Oman
20-07-2025
- Times of Oman
36 year old Saudi ‘Sleeping Prince' passes away after 20 years in coma
Riyadh: Prince Alwaleed bin Khaled bin Talal Al Saud, widely known as Saudi Arabia's 'Sleeping Prince', has passed away at 36 after nearly two decades in a coma caused by a 2005 car accident in London. His father, Prince Khaled bin Talal, confirmed the news on X, expressing sorrow and faith in Allah's will. The family had kept him on life support, hoping for a recovery despite his critical condition. Alwaleed received care at King Abdulaziz Medical City in Riyadh. Funeral prayers will be held on July 20, with condolences accepted until July 22.
News.com.au
20-07-2025
- Health
- News.com.au
‘Sleeping Prince' of Saudi Arabia dies after 20-year coma
A Saudi Arabian royal who spent more than two decades in a coma after a horror car crash in London has died at the age of 36. Prince Al-Waleed bin Khalid Al-Saud suffered a brain haemorrhage and internal bleeding in the horrific accident in 2005, when he was just 15 years old. Widely known as the 'Sleeping Prince', he was kept on a ventilator in hospital – but never regained full consciousness. Prince Al-Waleed was the eldest son of Prince Khaled bin Talal Al Saud, who confirmed his death in a heartbreaking post on X today. Quoting a verse from the Quran, he wrote: 'With hearts believing in Allah's will and decree, and with deep sorrow and sadness, we mourn our beloved son: Prince Al-Waleed bin Khaled bin Talal bin Abdulaziz Al Saud, may Allah have mercy on him, who passed away today.' Prince Al-Waleed was studying at a military college in London when he was involved in the devastating car crash. After the accident, he was hospitalised at King Abdulaziz Medical City in Saudi Arabia's capital Riyadh, where he remained in a coma ever since. Prince Al-Waleed's father never gave up hope his son would one day make a full recovery. He remained involved in the prince's care and firmly rejected calls to withdraw life support. The hashtag 'Sleeping Prince' has widely trended on social media following the announcement, with thousands offering their condolences. 'May Prince Al-Waleed bin Khaled, Rest In Peace. Deepest sympathies to his loved ones,' one wrote. 'Your time on earth was a blessing to your family and the world in general,' another said. 'May his gentle soul rest in perfect peace,' a third said. Funeral prayers for the prince will be held today at Imam Turki bin Abdullah Mosque in Riyadh.
