DUBAI, June 15 (Reuters) – Sharjah-based Invest Bank’s accumulated losses stood at 2.21 billion dirhams ($601.72 million) at the end of 2019, 70% of its capital, the bank said in a bourse filing. In …
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Sharjah Islamic Bank hires banks for dollar sukuk, document shows
Sharjah Islamic Bank has hired a group of banks to arrange a global investor call ahead of a potential issuance of five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on …
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Saudi Arabian property firm Amlak plans first post-coronavirus Riyadh IPO
Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30 percent of its shares in Riyadh, in what will be the exchange’s first initial public offering (IPO) since …
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Saudi Arabia’s Bindawood Holding to launch IPO as early as this month-sources
Bindawood’s IPO would follow another public share sale by mortgage lender Amlak International for Real Estate Finance …
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Saudi property firm Amlak plans first post-coronavirus Riyadh IPO
Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30% of its shares in Riyadh, in what will be the exchange’s first initial public offering (IPO) since the …
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Amlak International announces intention to list on Saudi stock exchange
The announcement of our intention to list on Tadawul is a historic moment for the company, with the forthcoming IPO a testament to our commitment to future growth. Amlak International plays a leading …
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Dubai Economy, Commercial Bank of Dubai to provide exclusive banking services for DED Trader licence holders
DUBAI – The Business Registration and Licencing (BRL) sector of Dubai Economy and Commercial Bank of Dubai (CBD) have joined hands to provide exclusive banking services for DED Trader licence holders.
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Ministry of Finance launches first phase of Accrual Accounting Programme
The transition to accrual accounting represents a critical step that increases the efficiency of the federal budget and improves public financial management in the country. The fi …
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Pinsent Masons grows its Financial Services offering in Dubai; appointment of Banking & Finance partner
Multinational law firm, Pinsent Masons, has appointed Banking & Finance partner Matthew Escritt to lead the firm’s Banking & Finance practice in the Middle East, based in Dubai. Matthew joins from …
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Amlak International plans Saudi Tadawul listing, IPO
Saudi Arabia’s leading non-bank real estate finance company, Amlak International for Real Estate Finance, is planning to launch an IPO on the Saudi Stock Exchange (Tadawul). Amlak International …
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Pinsent Masons grows its Financial Services offering in Dubai with the appointment of Banking & Finance partner Matthew Escritt
Matthew is a banking and finance specialist, advising on all areas of structured cross border finance, including syndicated lending acquisition, development finance, asset finance, vendor finance, and …
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Dubai Stocks Lead Gulf Losses as Banks Face Pressure: Inside EM
Dubai equities lead Gulf losses as investors remain cautious about the pace of economic recovery, while volatility jumps in global markets.
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UAE energy sector is ripe for ‘green’ funds
Despite the unwavering advantages found in financing renewable energy efforts, a majority of financial institutions in the UAE are hesitant to participate on account of numerous v …
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Dubai’s financial hub DIFC announces all entities can now reopen at 100% capacity
Arif Amiri, the CEO of Dubai International Financial Centre Authority, said precautionary and social distancing measures will remain in place in line with the latest guidance from Dubai authorities to …
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Dubai’s Godolphin double-handed in Australia
After a very productive outing last week as the British horse racing season resumed following a hiatus, Godolphin are double-handed in Australia on Saturday. The Dubai horse racing operation conjured …
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Crude oil weakness emerging following OPEC+ decision
Crude oil has run into profit taking following the OPEC+ expected and already priced in decision to extend production cuts to end July. Multiple challenges to oil’s continued recovery exists and with …
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Commercial Bank of Dubai to open up shares to foreign investors
Commercial Bank of Dubai has opened up its shares to foreign investment. The bank has set a foreign ownership limit (FOL) of 40 percent after receiving regulatory approval. Shareholders had previously …
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