Blog

Finance
Saudi Arabia’s National Debt Management Center has completed the issuance of a $5.5 billion (SR20.63 billion) international sukuk under the Kingdom’s Global Trust Certificate Issuance Program. The offering, the country’s first international sukuk based on an Ijarah structure, was issued in two tranches. The five-year sukuk maturing in 2030 raised $2.25 billion (SR8.44 billion), while the 10-year tranche maturing in 2035 secured $3.25 billion (SR12.19 billion), NDMC said in a statement. Investor demand was strong, with the order book reaching about $19 billion — 3.5 times the issuance size — underscoring global confidence in the Kingdom’s economic fundamentals and investment outlook. The NDMC noted that the issuance aligns with its strategy to diversify the investor base and meet Saudi Arabia’s financing requirements through international debt capital markets in an efficient and effective manner. Global and regional banks played a key role in the transaction. Citigroup, HSBC, JP Morgan, and Standard Chartered acted as joint global coordinators and active book-runners. ICBC and Mizuho joined as active joint lead managers, while Abu Dhabi Islamic Bank, Dubai Islamic Bank, and Al Jazira Capital participated as passive joint lead managers. A recent report by Kuwait Financial Centre, also known as Markaz, showed Saudi Arabia led the Gulf region’s primary debt market in the first half of 2025, raising $47.9 billion through 71 bond and sukuk deals — 52.1 percent of the GCC total. Source: Arabnews

Saudi Arabia’s National Debt Management Center has completed the issuance of a $55 billion...

Continue Reading
September 8, 2025

Finance
Morocco breaks into Africa’s gold powerhouses with discovery of high-grade deposits

The discovery of rich gold veins in Morocco’s southern region of Guelmim has injected fresh...

Continue Reading
September 4, 2025

Finance
Crypto finds gateway into Australia’s US$2.8 tril pension pot.

Australia’s A$43 trillion (US$28 trillion or RM119 trillion) retirement system — long regarded...

Continue Reading
September 3, 2025

Finance
Gold races to all-time high above US$3,500 on US rate cut prospects

Gold prices scaled the US$3,500 (RM14,807) per ounce level to hit a record high on Tuesday, as...

Continue Reading
September 3, 2025

Finance
South African gold miner strikes $1.08 billion deal to take over Australian firm

The transaction, first announced in May, moved a step closer after MAC Copper shareholders voted...

Continue Reading
September 2, 2025

Finance
BlackRock vs. Blackstone: Which Asset Management Giant Has the Edge?

BlackRock BLK and Blackstone BX are leading US-based asset management firms While BLK focuses on...

Continue Reading
September 2, 2025

Page 20 of 168