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IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Alpha Dhabi H1 profit $1.79bn

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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Al Rajhi issues $1.17 bn Sukuk

Al Rajhi Bank is Saudi Arabia's second-largest lender by assets.
By TRENDS Desk
January 18, 2022 5:20 pm
  • The number of Sukuk stands at 6,500, based on the minimum denomination and total issue size.
  • The return on the Sukuk offering is estimated at an annual fixed rate of 3.5 percent.

Saudi Arabian banking giant Al Rajhi Bank has completed the issuance of its Saudi riyal-denominated Tier 1 Sukuk valued at SAR 6.5 billion ($1.7 billion).

The settlement issuance was set on 23 January 2021, according to a bourse filing on Monday.

The number of Sukuk stands at 6,500, based on the minimum denomination and total issue size, Saudi media reports said.

The return on the Sukuk offering is estimated at an annual fixed rate of 3.5 percent, payable quarterly from the issuance date to 23 January 2027.

On 3 January, the bank announced the commencement of a SAR-denominated Tier 1 Sukuk offering.

During the third quarter (Q3) of 2021, Al Rajhi Bank’s net profits recorded a 42.7 percent hike to SAR 3.79 billion from SAR 2.65 billion in Q3-20.

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