Business Blog

May 23 (Reuters) - BANK MUSCAT BKMB.OM :* MEETHAQ RECEIVES CMA APPROVAL FOR EXERCISE OF GREENSHOE OPTION IN RELATION TO MEETHAQ SUKUK SERIES 2* MEETHAQ ISLAMIC BANKING TO EXERCISE GREENSHOE OPTION TO INCREASE OFFER SIZE OF MEETHAQ SUKUK SERIES 2 FROM OMR 25 MILLION TO OMR 45.6 MILLIONSource text for Eikon: ID:nMSM42783 Further company coverage: BKMB.OM((This email address is being protected from spambots. You need JavaScript enabled to view it.;))

May 16 (Reuters) - KUWAIT INTERNATIONAL BANK KIBK.KW :* RECEIVES CMA APPROVAL TO ISSUE PERPETUAL TIER 1 CAPITAL SUKUK UPTO $300 MILLIONSource:(https://bit.ly/2WLmRBN) Further company coverage: KIBK.KW((This email address is being protected from spambots. You need JavaScript enabled to view it.;))

(The following statement was released by the rating agency)Fitch Ratings-London-May 13: Fitch Ratings has assigned MAF Sukuk Ltd.&aposs (MAF Sukuk) USD600 million green sukuk issued under the company&aposs USD1.5 billion trust certificate issuance programme a rating of &aposBBB&apos. The ratings are in line with Majid Al Futtaim Holding LLC&aposs (MAF) Long-Term Issuer Default Rating (IDR) and sen

Savola and other consumer goods companies in Saudi Arabia are suffering from the effects of subsidy cuts

May 8 (Reuters) - WARBA BANK WARBA.Kw : * GETS CENTRAL BANK OF KUWAIT (CBK) DISAPPROVAL ON THE BANK'S ACQUISITION OF KUWAIT & MIDDLE EAST FINANCIAL INVESTMENT COMPANY (KMEFIC) Source:(https://bit.ly/2DVEebw) Further company coverage: KMEF.KW ...

(Updates with final size, order books, price guidance)DUBAI, May 7 (Reuters) - Majid Al Futtaim, a UAE-based developer and shopping mall operator, is set to raise $600 million in "green" sukuk, or Islamic bonds, documents by one of the banks leading the deal showed on Tuesday.The proceeds of the sukuk will back environmentally-friendly projects in areas such as renewable energy and sustainable wat