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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.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

Saudi Aramco unveils first dollar sukuk bond

     

    • The bonds will be issued in three tranches

    • The deal will consist of three, five and ten year tranches

    Saudi Aramco has unveiled its first US. dollar-denominated sukuk bond on Wednesday, which will be issued in three tranches, Reuters reported. The deal will consist of three, five and ten year tranches, revealed the term sheet seen by Reuters.
    Potential investors have been given pricing guidance for the three year of US Treasuries plus 105 basis points, for the five year of US Treasuries plus 125 basis points and for the ten year of US Treasuries plus 160 basis points.
    Aramco chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of few dollar sukuk sales from the Gulf this year, a source told Reuters on Monday.
    The final terms and size of the transaction are expected to be set on Wednesday.
    Aramco has been widely expected to become a regular bond issuer after its debut $12 billion bond deal in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend. There are 29 active and passive book runners on the deal, the term sheet showed.