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Majid Al Futtaim (MAF) and Banque Saudi Fransi both launched Islamic bonds, or sukuk, on Tuesday, as investor demand and favourable conditions drive issues from the Gulf region. ....
Saudi Arabia's Al Rajhi Bank is set to raise $1 billion with five-year sustainable Islamic bonds, a document from one of the banks arranging the deal showed on Wednesday. ....
Dubai Financial Services Authority (DFSA) said on Wednesday it had fined Equitativa, the manager of a sharia-compliant real estate investment trust, $210,000 for misleading statements regarding one of its assets. ....
Jabal Omar Development Company , one of Saudi Arabia's largest listed developers, said on Sunday it agreed to restructure a 3 billion riyals ($799.91 million) loan it owed to the government as part of plans to fix its finances. ....
Saudi Real Estate Refinance Company (SRC) has signed a partnership agreement with Real Estate Development Fund (REDF) to refinance a real estate portfolio worth 10 billion riyals ($2.7 billion), SRC said in a statement. ....