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- Closing Bell: Saudi benchmark index edged up to close at 10,549
- Qatar property transactions reach $177m in late December
- Gold to $4,900, oil to $50s: Goldman's big 2026 trade call
- Global Islamic finance set to hit $6 trillion in 2026 as industry posts strong double-digit growth
- Asia Stocks Make Bright Start to 2026
- Saudi Fintech "barq" emerges fastest-growing digital wallet in the region as e-payment volume hits $84 billion
- Saudi Arabia's NDMC raises $13bn for infrastructure projects
- Saudi Arabia approves over 1k chemical permits, awards 172 mining licenses
- Bahrain All Share Index, Islamic Index close lower
- NBK launches a new suite of updates and enhancements to its Mobile Banking App
25/06/2013 18:29 AST
Abu Dhabi's Shuweihat 2 (S2) power plant has mandated six banks to help arrange a potential bond issue, lead arrangers said on Tuesday.
BNP Paribas, Citigroup Inc, HSBC Holdings , Mitsubishi UFJ Securities, National Bank of Abu Dhabi and Standard Chartered will arrange fixed income meetings in the United States, Europe, the Middle East and Asia ahead of a potential sale, arranging banks said.
A bond issue which would be open to institutional investors in the United States could follow during the course of 2013, subject to market conditions.
S2 is 54 percent owned by Abu Dhabi National Energy Co (TAQA). Abu Dhabi Water and Electricity Authority holds a 6 percent stake.
The remaining shareholding is split between a 20 percent stake held by France's GDF SUEZ, and a 10 percent ownership each by Marubeni Corporation and Osaka Gas Co.
CPI Financial
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02/01/2026
Qatar's real estate transactions exceeded 657 million Qatari riyals ($177.4 million) in the week ended Dec. 25, underscoring steady property market activity.
Data from Qatar's Ministry of J
Arab News
02/01/2026
The global Islamic finance industry is entering 2026 with powerful momentum as total assets surge toward the $6 trillion mark, driven by robust expansion across banking, capital markets, takaful, and
Khaleej Times
02/01/2026
barq has cemented its position as the fastest-growing digital wallet in the region by download and usage rates, achieving record-breaking adoption milestones within an unprecedented timeframe.
Saudi Gazette
02/01/2026
Saudi Arabia raised $13 billion through a seven-year syndicated loan as the Kingdom steps up funding for infrastructure projects spanning power, water and public utilities.
The financing w
Arab News
02/01/2026
Saudi Arabia processed more than 1,000 chemical permit requests in November and awarded exploration rights for 172 mining sites in what the government described as its largest licensing round on reco
Arab News
Financial Information Co.
Saudi Arabia