Published: Sep 18, 2014
Source: Emirates 24|7

News

Email this story Print this page zoomin zoomout

ME banks buy majority of Goldman sukuk

Middle Eastern banks bought the vast majority of a debut $500 million sukuk issue by Goldman Sachs, a positive sign for other conventional banks hoping to tap the region's liquidity by issuing Islamic debt, according to data from lead managers.

Goldman priced its five-year sukuk on Tuesday at a profit rate of 2.844 per cent, drawing about $1.5 billion of investor orders, after roadshows in Qatar and the UAE -By Reuters. Read more>>>

© Copyright - Emirates 24|7
comments powered by Disqus

Middle East Stock Markets

Index Last Change %Change
TASI 7,124.10 -31.10 -0.43%
ADI 4,433.74 +77.91 1.79%
DFMGI 3,495.73 +43.32 1.25%
QE 9,989.29 +11.53 0.12%
KSE 5,589.16 +24.43 0.44%
MSM30... 5,656.350 +1.610 0.03%
ASE... 2,162.22 -3.51 -0.16%

Recent Analyst Actions  >>

or
Company Price Opinion
DXB Entertainments 1.90 Buy
Abdullah Al Othaim Markets 125.60 Overweight
Bupa Arabia for Cooperative 137.60 Overweight
Abdul Mohsen Al-Hokair Group 40.50 Overweight
Saudi Telecom Co. 68.90 Overweight

Markets Today Quick Links

×

Get all the latest updates about the GCC & Global Markets directly to your email