Business Blog

SRC plans to issue $1.07bln in sukuk this year

Saudi Arabia's stock market fell sharply on Sunday, dragged down by the financial and petrochemical sectors, while Egypt's blue chips gained.

(Repeats to additional subscribers)DUBAI, May 26 (Reuters) - Kuwait Projects Co (KIPCO) KPRO.KW , the Gulf state&aposs largest listed investment company, has no imminent plans to issue U.S. dollar-denominated bonds but will keep monitoring the market closely, said a company executive.KIPCO last week updated its bond programme, under which it may issue bonds worth up to $3 billion.HSBC HSBA.L has b

KIPCO last week updated its bond programme, under which it may issue bonds worth up to $3bln

May 23 (Reuters) - DAR AL ARKAN REAL ESTATE DEVELOPMENT COMPANY SJSC 4300.SE :* ANNOUNCES PAYMENT OF ENTIRE ISLAMIC SUKUK (2019 SERIES 3 MTN) OF 1.5 BILLION RIYALS DUE ON MAY 28, 2019Source: (https://bit.ly/2HzCxTv) Further company coverage: 4300.SE((This email address is being protected from spambots. You need JavaScript enabled to view it.;))

May 23 (Reuters) - AL-AQEELAH TAKAFUL INSURANCE COMPANY SA ATI.DS : * SEEKS SHAREHOLDERS APPROVAL TO INCREASE CAPITAL TO 3 BILLION POUNDS FROM 2.35 BILLION POUNDS Source: (https://bit.ly/2JFVjef) Further company coverage: ATI.DS ...