Qatar's Barwa Bank plans to issue a sukuk by 2013 and is eyeing a share listing over the longer term, according to its chief executive. The Islamic lender, a unit of Barwa Real Estate, sees an issuance as helping smooth out maturities in the state, which
A consortium of Arabtec Holding that includes Greek and Turkish firms on Wednesday won a Dh10.8 billion ($2.94 billion) contract from the Abu Dhabi government to build a mid-field terminal at the cash-rich emirate's airport. The contract was signed with
Barwa Bank acted as Joint Lead Manager on the recent $800 million five-year Sukuk for Saudi-based Islamic Development Bank (IsDB). Steve Troop, CEO, Barwa Bank commented on the deal which marks the bank's first Sukuk involvement as Joint Lead Manager and
Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of civil contracting, mechanical, electrical and plumbing (MEP), water and power, rail and oil and gas has been awarded in
Barwa Bank has said its involvement in the $800mn five-year sukuk for Saudi-based Islamic Development Bank (IDB) as joint lead manager indicates its strong presence in the debt capital markets. On the deal, which marks the bank’s first sukuk involvement
Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of Civil Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail and Oil and Gas has been awarded in
Saudi Arabia's Jabal Omar Development Company has signed a SR5 billion ($1.33 billion) loan agreement with a group of local banks to refinance an upcoming bridge loan maturity and fund the development of hotels and shops in Makkah. The loan runs for 12
Barwa Bank board, chaired by Sheikh Mohamad bin Hamad bin Jassim al-Thani, has endorsed the 2011 financial results which showed a more than nine-fold jump in net profit. The also board appreciated of the bank’s ability to generate revenue, keep costs
Al-Mazaya Holding held a general assembly Thursday. During the event, the Chairman of the Board of Directors Rashid Al-Nafeesi said 2011 was a year of achievements the company was looking for and stressed the coming years will see the company grow in all
Aldar Properties and Sorouh Real Estate, Abu Dhabi's two largest developers, moved a significant step closer to a US$15 billion (Dh55.09bn) merger last night as the pair began due diligence on the deal and appointed advisers. The firms have picked some
Due diligence process is under way on the potential state-backed merger of Abu Dhabi developer Aldar Properties and smaller rival Sorouh Real Estate, the two firms said, also naming financial advisers for the deal. Aldar and Sorouh said in March they
Aldar Properties PJSC and Sorouh (SOROUH) Real Estate Co., Abu Dhabi’s biggest developers, said the due diligence process for a potential merger will “take a number of months.” “A steering committee including representatives from Aldar and Sorouh has
Arabtec Holding, the UAE’s biggest builder by market value, is actively looking at oil and gas projects in Libya and hopes to win contracts in Qatar as the state prepares to host the soccer World Cup in 2020, the company’s chief financial officer said.
Abraaj Capital Ltd., the biggest private equity firm in the Middle East, may conclude an investment in Saudi Arabia within three months and is looking at a “number of deals” in Turkey, a senior official said. “For at least one of them we expect it will
The Dubai Land Department (LD) signed an agreement with Emaar Properties, whereby the property development company has officially joined Dubai Land Department's real estate development initiative (Tanmia) to enhnace mutual cooperation among official and
Barwa Bank is offering a “unique” Shariah-compliant three-year capital protected notes linked to the Turkey and Indonesia equity markets until June 21. “The Turkey Indonesia Equity Capital Protected Note is an investment opportunity for investors seeking