INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Saudi Arabia to issue second local sukuk for the year

  • The local issuance comes amid rising demand for both international and domestic fixed income markets that provide safe and guaranteed returns
  • Countries are resorting to fixed income instruments to settle budget obligations in a bid to fuel economic recovery

For the second time this year, the Saudi government will issue riyal-denominated sukuk for the year, seeking to take advantage of huge interest in the bonds.

The local issuance comes amid rising demand for both international and domestic fixed income markets that provide safe and guaranteed returns.

Countries are resorting to fixed income instruments to settle budget obligations in a bid to fuel economic recovery and ease pandemic repercussions.