Daman Investments has raised $120 million for the tailor-made fixed maturity fund plan of one of the GCC’s leading regional banks as it expands across regional markets.
RIYADH: Tensions are on the rise in Eastern Europe, where a full-blown war is taking place between Russia and Ukraine, backed by Western countries. The conflict and sanctions have impacted Russian exports, and a new ban on Russian oil imports by the US and the UK is making things worse for Moscow. In addition, access to foreign currencies is limited, and access to the SWIFT
DUBAI: Daman Investments, a Dubai-based private joint-stock company, has been mandated for a $105 million Shariah-compliant fixed income strategy from a financial institution in UAE. Citing confidentiality reasons, the name of the UAE-based financial institution has not been disclosed. In a statement, Daman said that the company’s ability to tailor the structure around the