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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

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The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

NDMC of Saudi Arabia closes $2.75bn worth March sukuk

the new issuance is part of the Kingdom’s Sukuk Issuance Program
By TRENDS Desk
March 16, 2022 11:08 pm
  • The issuance is divided into two tranches of SR3.5 billion and SR6.8 billion each
  • The first issuance matures in 2030 while the second one will mature in 2034

Saudi Arabia’s National Debt Management Center has closed the March 2022 issuance of Saudi riyal-denominated sukuk, valued at SR10.3 billion ($2.75 billion).

The issuance is divided into two tranches. The first tranche has a size of SR3.5 billion ($930million) maturing in 2030, while the second tranche has a size of SR6.8 billion ($1.81billion) and matures in 2034.

Additionally, the new issuance is part of the Kingdom’s Sukuk Issuance Program, NDMC said in a statement.

The program was established through NDMC in July 2017 by the Saudi Finance Ministry.

It came amid rising demand for both international and domestic fixed income markets that provide safe and guaranteed returns.

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