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APICORP sukuk program given expected AA rating by Fitch
zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Dubai Islamic Bank closes lowest-priced $1bn sukuk
tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Dubai Islamic Bank closes $1b senior sukuk
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Saudi Arabia’s National Commercial Bank Plans NCB Tier 1 Sukuk
Posted on 01/17/2021
Saudi Arabia’s National Commercial Bank (NCB) plans to form NCB Tier 1 Sukuk Ltd., an exempted company with limited liability in the Cayman Islands, to issue U.S. dollar-denominated additional Tier-1 sukuk. NCB informed the Tadawul on January 17, 2021. NCH hired Citigroup Global Markets Ltd., Emirates NBD Capital, Goldman Sachs International, J.P. Morgan Securities, MUFG Securities (EMEA), NCB Capital and Standard Chartered Bank as joint lead managers and bookrunners for the potential offer. The offering of the sukuk will be limited to qualified investors.
In October 2020, National Commercial Bank (NCB) agreed to acquire Samba Financial Group, for US$ 15.4 billion. NCB’s existing shareholders will own 67.4% and Samba’s shareholders will own 32.6% of the new entity. Saudi Arabia’s Public Investment Fund (PIF) will be the largest shareholder of the combined bank with 37.2% ownership.