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Banking & Finance

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

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.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Saudi Arabia’s Bank Aljazira taps into debt market

By TRENDS Desk
June 21, 2021 9:56 am

    Saudi Arabia’s Bank Aljazira will issue US-denominated capital certificates that could reach up to $500 million, the Saudi bank said in a bourse filing.

    The sale, conducted through a Cayman Islands-registered vehicle, will only be available to pre-selected investors in a private placement, and the certificates are redeemable after five years from the date of issue, it said.

    The exact value of the sale has yet to be confirmed, reported Arab News, quoting the bank statement. Alinma Investment, Aljazira Capital, and JP Morgan Securities have been appointed as joint lead managers and bookrunners for the offer. A number of Saudi listed companies are tapping debt markets amid strong investor appetite for the paper.

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