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- MEED selects KFH as MENA's Most Innovative Private Bank for 2025
- NBK Wealth reaffirms private banking leadership with 2 honors from MEED
- Zain named MENA's top telecom company on Forbes 'World's Best Employers' list
- Hilton to double presence in Oman with trio signing
- OETC launches Oman's first Green Sukuk worth RO288.5mn
- Kuwait crude oil rises to $1.46
- UDC makes QR222mn net profit on QR1.38bn revenues in third quarter
- QSE index closes higher
- Qatar completes integration of its industrial database with Gulf Industrial Platform
- Türkiye Cenbank Slows Easing with 100-point Cut, Flags Inflation Risk
30/05/2016 05:07 AST
Noor Bank has successfully priced its debut perpetual $500 million Tier 1 capital issuance.In the midst of multiple regional issuers on the road looking to raise capital market funding, Noor Bank was able to print its inaugural AT1 Sukuk at a very competitive pricing on the back of strong investor demand. This was the first perpetual Tier 1 issuance from UAE in 2016.
The final pricing came at the back of global roadshows across Middle East, Asia and Europe with an order book crossing over $1 billion.
Speaking about the Sukuk issuance, Hussain Al Qemzi, CEO of Noor Bank, said: "We are pleased with the outcome of our inaugural Tier 1 issuance, which has again enabled us to set an industry benchmark by printing the lowest priced contingent Basel 3 compliant Tier 1 paper in Dubai.
The Gulf Today
25/05/2016
Dubai-based Noor Bank has launched a $500 million capital-boosting sukuk issue of five years duration that will price later on Tuesday, a document from lead managers showed.
Pricing for th
Emirates 24|7
25/04/2016
Noor Bank on Sunday announced its financial results for the year ending 31 December 2015, with the bank reporting a net operating profit of Dhs561 million. The increase in profitability was fuelled
The Gulf Today
19/11/2015
Dubai's Shariah-compliant Noor Bank posted a net profit of Dh451 million for the nine months ended September 30, 2015, an increase of 43 per cent from the same period last year.
Earnings w
Emirates 24|7
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24/10/2025
Kuwait Finance House (KFH) has been named the MENA's Most Innovative Private Bank for 2025 at MEED's MENA Banking Excellence Awards 2025 - Wealth & Private Banking. This award recognizes KFH's leader
Kuwait Times
24/10/2025
NBK Wealth Group further solidified its leadership in the wealth management arena, receiving two prestigious awards from MEED magazine at the MENA Banking Excellence Awards 2025. NBK Wealth was recog
Kuwait Times
24/10/2025
Zain, a leading provider of innovative ICT technologies and digital lifestyle communications operating in eight markets across the Middle East and Africa was ranked as the number one telecommunicatio
Kuwait Times
24/10/2025
United Development Company (UDC), the master developer of The Pearl and Gewan Islands, has reported net profit of QR222mn on revenues of QR1.38bn for the period ended third quarter (Q3) of 2025.
Gulf Times
24/10/2025
RAK Ceramics, one of the world's leading ceramics manufacturers, has teamed up with Gulf Cryo, a regional leader in industrial gases and decarbonisation solutions, for the launch of the UAE's first c
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