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Business

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

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Bahrain Central Bank’s Sukuk Al Salam oversubscribed 319%

A side view of the Central Bank of Bahrain.
By Hilal Mir
August 15, 2023 11:25 pm
  • Subscriptions worth BD 137.151 million ($364m) were received for the BD 43 million ($114m) issue, which carries a maturity of 91 days.
  • Expected return on the issue, which begins on August 16 and matures on November 15, is 6.25 percent, compared to 6.10 percent of the previous issue.

Manama, Bahrain – The Central Bank of Bahrain (CBB) has said its monthly issue of the Sukuk Al-Salam Islamic securities has been oversubscribed by 319 percent.

Subscriptions worth BD 137.151 million ($364m) were received for the BD 43 million ($114m) issue, which carries a maturity of 91 days.

The expected return on the issue, which begins on August 16 and matures on November 15, is 6.25 percent compared to 6.10 percent of the previous issue on July 12.

The Sukuk Al-Salam are issued by the CBB on behalf of the Government of Bahrain.

This is issue No.268 (BH0009F01Z42) of the short-term Sukuk Al-Salam series.

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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