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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.

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.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

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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