Bank Albilad plans SR2bn sukuk
Saudi Arabia's Bank Albilad
Jeddah - Arab Today
Saudi Arabia's Bank Albilad has received regulatory approval to issue a capital-boosting sukuk worth as much as SR2 billion ($533.3 million), it said in a bourse statement.
The issue will enhance its Tier 2, or supplementary, capital and last for 10 years, although the bank has the option to redeem the sukuk after the fifth year, according to the filing.
Sources told Reuters last month that Bank Albilad, one of the smaller lenders in Saudi Arabia, had chosen HSBC's local unit to arrange the Islamic bond offering.
Source ; Arab News
GMT 02:22 2017 Monday ,13 November
Saudi Arabia: 201 detained, $100 billion lost in corruptionGMT 18:18 2017 Wednesday ,01 November
IMF highlights uncertainty over simultaneousGMT 11:26 2017 Monday ,15 May
US$453 million in infrastructure projectsGMT 17:25 2017 Saturday ,18 March
Saudi central bank raises reverse repo rate, keeps repo flatGMT 01:56 2017 Thursday ,02 March
World Bank delegation to visit Egypt in first half of March
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 15:23 2018 Thursday ,30 August
School bus safety to be enhanced under new transport master plan
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 12:23 2016 Monday ,26 December
'Rogue One' maintains stellar course at box office
GMT 12:52 2017 Monday ,20 November
Elderly Japanese cons reoffending faster than young criminals
GMT 02:40 2017 Friday ,06 October
6-year-old UAE boy knows how to fly a plane
GMT 12:10 2015 Sunday ,25 October
Long-held theory about best way to lose weight, eat healthy is bogus
GMT 13:21 2017 Saturday ,20 May
Pakistan Hangs Four Taliban Militants Convicted
GMT 17:10 2017 Wednesday ,12 July
Sharjah Police launch drive for summer traffic safety
GMT 16:08 2017 Saturday ,28 January
Yaya Touré Expresses Support For Moroccan Lions
GMT 16:50 2017 Monday ,21 August
Father pardons his son's killer minutes before execution
GMT 03:38 2018 Tuesday ,23 January
Senate votes to end US shutdown, bill heads to House
GMT 12:15 2018 Monday ,08 January
HRH Crown Prince meets India’s NCP leader
GMT 15:50 2018 Monday ,01 January
Menna Fadali happy for “Forbidden Love”
GMT 16:01 2017 Sunday ,26 November
Dolly the cloned sheep was not old before her time
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor