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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

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.