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Business

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

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
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