Search Site

Trends banner

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.

UAE Islamic Treasury Sukuks auction is a tremendous success

The strong demand was on both the two- and three-year tranches. (WAM)
  • The fifth auction of the UAE T-Sukuks program witnessed strong demand through with bids received worth US$1.57 billion.
  • The success is reflected in the market-driven prices, which was achieved by a spread of 4 to 11 bps over US Treasuries with similar maturities.

ABU DHABI, UAE – The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the fifth auction of the Islamic Treasury Sukuks (T-Sukuks).

This is part of the T-Sukuks issuance program for 2023 as published on the ministry’s website.

The fifth auction of the UAE T-Sukuks program witnessed a strong demand through the eight primary dealers, with bids received worth US$1.57 billion (AED5.77 billion) and an oversubscription by 5.2 times.

The strong demand was on both the two- and three-year tranches.

The success is reflected in the attractive market-driven prices, which was achieved by a spread of 4 to 11 bps over US Treasuries with similar maturities.

The auction followed the practice of re-opening the two-year and three-year T-Sukuks, which help build up the size of individual Sukuk issuances over time and improve liquidity in the secondary market.

The T-Sukuks program will contribute to building the UAE dirham-denominated yield curve, providing safe investment alternatives for investors, strengthening the local debt capital market, developing the investment environment as well as supporting sustainable economic growth.