Latest in Tag: Sukuk Highlight
Latest in Tag: Sukuk
Egypt prepares to issue its 1st sovereign sukuk in H2 of 2021/22: Finance Minister
The offering will provide the necessary funding for investment projects listed in the economic and social development plan in the state’s general budget, to achieve development goals in line with the state’s efforts to enhance expenditures to improve citizens’ lives. He pointed out that the timing, size and type of offering will be determined later.
Contact Financial announces closure of 2nd sukuk issuance of EGP 2.5bn
The issue is an Islamic Sharia compliant seven-year Mudaraba Sukuk, and received a high credit rating of A- by the Middle East Ratings and Investors Service (MERIS). The proceeds will be used to further expand Contact Credit and its affiliate companies.
Egypt, ICD discuss joint cooperation in economic projects, sukuk issuance
Maait stressed that the Egyptian government attaches great importance to encouraging the private sector to expand its participation in the comprehensive and sustainable development process.
Egypt’s Financial Regulator expects 3 sukuk offerings in Q4 2021: Sources
Egypt saw three sukuk issuances in 2020, with total value of EGP 5.1bn
Sukuk changes Egypt’s financing methods, expected to surpass EGP 20bn in 2021
More Sukuk issuances needed to clarify amendments that executive regulations need:AlieldeanWeshahi& Partners
Roundtable on competitive advantages of sukuk to launch on 27 January
Event comes after three successful sukuk issuances, with three more to follow soon
Media Avenue to launch ‘Competitive Advantages of Sukuk’ roundtable on 14 December
Roundtable will discuss the components of a successful sukuk issuance, and the factors that determine the appropriate type or form of the instrument
Major real estate company to offer EGP 2bn worth sukuk in Q1 2021: Sources
Volume of Egypt’s sukuk issuances during 2021 expected to reach over EGP 10bn
Unlisted agricultural company to issue sukuk in January 2021: FRA
Sukuk issuances in 2021 are set to exceed EGP 10bn, says FRA official
Sarwa Capital announces closing of its EGP 2.5bn inaugural Sukuk issuance
The proceeds will be used for further expansion of Contact Credit and its affiliate companies.
CIRA to offer EGP 600m Sukuk in December, with Hermes acting as issuance manager
The sources said that the company is currently completing the offering documents with the Financial Regulatory Authority (FRA). CIRA aims to complete the offering before the end of the year, to finance its expansion in the field of education.
FRA expected to approve Sarwa Capital’s sukuk issuance
FRA’s Sharia Supervisory Committee approves sukuk’s compliance with Islamic Sharia last Thursday
FRA checks compliance of Sarwa’s new sukuk issuance with Sharia
Issuance to comprise 25m sukuk at nominal price of EGP 100 per unit through private placement
Sarwa Capital to issue EGP 2.5m worth Sukuk of Contact Finance within 2 weeks
Sarwa Capital had signed a cooperation agreement with Banque Misr and the Misr Capital Company to guarantee, promote, and cover the financing instruments for the benefit of Contact Finance. The move came as part of the general strategy to diversify sources of financing.
Sarwa Capital, Amer Group to conduct their sukuk offerings before 2020 end
Amer Group has decided to hold off announcing the value due to the prevailing pessimistic outlook of a second wave of the novel coronavirus (COVID-19). This is expected to result in a decline in the interest rate, which raises some concerns.
FRA finalises Sukuk regulations’ amendments, paving the way for promising investment
several companies want to issue sukuk in 2020, including real estate investment, services, agricultural reclamation
TMG Sukuk records 2.5 bid-to-cover ratio: EFG Hermes
FRA earlier approves first Sukuk offering worth EGP 2bn
TMG’s awaited Sukuk expected to help buoy market rebound
The issuance is reportedly to have a positive impact in three ways, given the current crisis facing Egypt’s economy due to the ongoing coronavirus (Covid-19) pandemic.
TMG to launch EGP 2bn sukuk next week
TMG is targeting sales in the fiscal year (FY) 2019/20 similar to those in FY19, of EGP 20.4bn.
TMG plans to launch EGP 2bn worth sukuk before March end
CIAF delays its Sukuk programme to mid-year
CIAF presents prospectus for sukuk offering to FRA end of next week
CIAF is currently preparing to float $50m sukuk, and promotions are underway to launch them, which is the first sukuk offering witnessed in the Egyptian market, after the approval of legislative controls for issuing sukuk in Egypt.
CIAF Leasing ready to issue Sukuk to finance Embraer aircraft purchase
The company arranged with the Financial Regulatory Authority to navigate the process, ADIB Securities for financial consultancy, and Al Tamimi & Company as its legal advisor. The issuance is expected to reach $50m.
CIAF Leasing to launch $50m worth Sukuk in December
MERIS Ratings hired to rate Sukuk, promotional campaigns to launch soon, says Mohamed
Capital Markets 2019 to discuss future fixed-income instruments
This year summit titled, ‘Funding instruments, opportunities to accelerate growth, stimulate capital markets’
Egyptian market hungry for Islamic financing tools that can guarantee success of first experience: Samy
Sukuk accounts for 24% of total debt floated in Gulf during 2017
“Sukuk, new financing tools, who will take the lead?” conference kick-off Tuesday
Sukuk’s compliance with Islamic law may be catalyst for it to be seen as reliable financing tool, says El Sawy
Consortium TC to launch ‘Sukuk, new financing tools’ conference on 23 October
Conference aims to encourage companies to take advantage of financing alternatives to growth, expand, provide government with financial resources to fund its major projects
Iran’s sukuk plans expose regime split as sanction fears heighten
As sanctions fears kick in, Tehran has unveiled plans to roll out new Islamic financial products to boost funding for domestic firms. But Iran is split on whether international or domestic financing is the way to go.Iran’s capital market regulator, the Securities and Exchange Organization (SEO), said Tuesday it has started work on a new …
Government adopts new financial instruments to implement national projects, including Sukuk
We aim to raise economic growth to 10% by 2030: Ismail
Majid Al Futtaim issues $500m sukuk in Nasdaq Dubai
The bonds are the second to be listed by Majid Al Futtaim on the exchange, following a $400m listing in 2013