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Business

Mashreq Q1 profit rises

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TECOM profit climbs

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Emirates Stallions Q1 revenue up 11%

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Empower okays $119.1m H2 2025 dividend

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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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