Ultra-luxury real estate developer enters international debt capital markets for the first time with oversubscribed green issuance
London Stock Exchange
Latest in London Stock Exchange
Arada
Sharjah real estate developer Arada’s $400mn sukuk issuance draws robust investor demand, oversubscribed 3.5 times
The Sukuk issuance saw strong demand from both regional and international investors
Bitcoin
Crypto may debut on London Stock Exchange, Bitcoin blazes past $72k
The announcement led to Ethereum prices to surge to $4,000
fintech
UAE seeks to explore increased collaboration with UK’s fintech sector
A delegation led by Abdulla bin Touq Al Marri, Minister of Economy, visited LSE the headquarters to hold discussions on partnership opportunities
Bond
Strong demand as UAE government’s 10-year USD bond oversubscribed five times
The $1.5 billion bond, to be listed on Nasdaq Dubai and the London Stock Exchange, has been issued with a yield of 4.917%
Abu Dhabi National Energy Company
Abu Dhabi exchange announces $1.5bn TAQA listing
Abu Dhabi National Energy Company lists $1.5bn bonds on ADX
Abu Dhabi
Masdar plans more green bonds after successful LSE listing of its $750mn offering
Masdar plans a secondary listing of its green bond offering on the Abu Dhabi Securities Exchange (ADX) later this year
banking and finance
London-listed Informa boosts profit forecast
The company announced that it has fully recovered from the disruptions caused by the pandemic, with growth surpassing pre-pandemic levels
Arada
Arada celebrates $500m Nasdaq Dubai sukuk
UAE master developer Arada lists $500m sukuk on Nasdaq Dubai exchange
Abu Dhabi Securities Exchange
UAE’s e& gets a board seat in Vodafone Group after strategic partnership
e& will be able to nominate a second independent non-executive Director if its shareholding exceeds 20 percent
Dar Al Arkan
Dar Global London stock exchange listing ‘big milestone,’ CEO says
The $600 million blockbuster listing will help fuel growth, Ziad El Chaar, CEO, Dar Global said
Dar Al Arkan
Saudi Arabia’s Dar Al Arkan lists $600m subsidiary on London Stock Exchange
Saudi real estate firm subsidiary one of the first firms from Kingdom to list on London Stock Exchange
Abu Dhabi Securities Exchange
UAE’s e& ups its stake in British telecom provider Vodafone to 12%
It’s the third time in last nine months that e& has purchased Vodafone shares as it pursues ‘significant exposure to a global leader’
London Stock Exchange
UAE-based Wizz Financial announces delisting of its newly acquired Finablr PLC from London bourse
The Prism Group AG subsidiary acquired the businesses of Finablr after it went into administration in March this year
GCC investors
GCC real estate buyer interest in UK properties climbs as pound sinks to new low against the dollar
Middle Eastern buyers have long been synonymous with purchasing luxury homes in some of the UK’s most elite postcodes, with prime central London being the sweet spot for Gulf investors
Arada
Sharjah-based Arada closes its first public financing deal at $350million
Five-year fixed rate RegS debut Sukuk issuance, listed on the London Stock Exchange, was rated BB- by Fitch and B1 by Moody’s
Bahrain
Bahrain’s Infracorp lists $900 million green sukuk on the London Stock Exchange
Green sukuks have grown by more than 17 percent year-on-year in 2021 to $15 billion, and are expected to remain a key theme of the Islamic finance market in 2022