Business Blog

Saudi Arabia's Dar Al Arkan Real Estate Development Co 4300.SE will hold talks with international investors on Tuesday as it attempts to issue a benchmark-sized, dollar-denominated Islamic bond, a document from lead arrangers said.

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 50,000 on Weqaya Takaful Insurance and Reinsurance Company.

United Arab Emirates-based supermarket chain Lulu Group said on Monday it plans to invest USD200 million on halal-only outlets in Malaysia in the next two years ahead of expanding into other south Asian markets.

The memorandum was signed by the Director General of FELDA, Y. Bhg. Datuk Faizoull Ahmad and Mr. Yusuffali M.A., Managing Director, Lulu Group International

Saudi Arabia's Dar Al Arkan Real Estate Development Co 4300.SE will start meeting international investors on Tuesday ahead of a potential Islamic bond issue, the firm said in a bourse filing.

Bahrain's central bank is finalising rules for the supervision of sharia-compliant advisory firms, part of a wider overhaul of standards as the Gulf state steps up its efforts in Islamic finance.