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OUTLOOK 2012 - Previews and Reviews - MOST SIGNIFICANT TRENDS And CHARTS OF 2011
From burgeon
to wither - the four stages of global
trade
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Saudi entities rush for capital via Sukuk and IPOs; investors respond
Saudi Arabia has
been witnessing since the beginning of the year
an increased activity in terms of both of Sukuk
and initial public offerings (IPOs). This comes
with no surprise as the Kingdom's entities -
both governmental and corporate - seek various
means to raise capital whether through debt or
equity to finance their expansion plans,
projects and restructure their debts.Politically
the situation in the Arab gulf this year is
better when compared to last year's unrest that
hit neighboring Bahrain and Yemen which
encourages issuers to tap the market. Liquidity
is abundant domestically while foreign investors
who are diversifying away from Eurozone debt
seek alternative safe investment pools and both
Saudi companies and government entities are
perceived highly by investors given their strong
financial position and secure long term revenue
stream.
In the first 4 months of 2012, Saudi alone sold
a total of USD 6.5 billion of Islamic bonds (sukuk)
via 5 issues.
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05/03/12 Saudi Arabia has been witnessing since the beginning of the year an increased activity in terms of both of Sukuk and initial public offerings (IPOs). This comes with no surprise as the Kingdom's entities - both governmental and corporate - seek various means to raise capital whether through debt or equity to finance their expansion plans, projects and restructure their debts. Politically the situation in the Arab gulf this year is better when compared to last year's unrest that hit neighboring B |
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05/03/12 Dow
Jones Islamic Market Titans 100
Index closed down 0.83% in April The Dow Jones Islamic Market Titans 100 Index finished down 0.83% in April according to data compiled by Dow Jones Indexes. The index measures the performance of 100 of the world's leading Shari'ah-compliant stocks. The Dow Jones Global Titans 50 Index, which measures the world's 50 largest companies, posted an April loss of 1.57%. Regionally, the Dow Jones Islamic Market Asia/Pacific Titans 25 Index, which measures the performance of 25 of the leading Shari'ah-compliant stocks in the Asia/Pac |
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05/03/12 Jebel
Ali Free Zone FZEin2bln sukuk deal Jebel Ali Free Zone FZE, a business park operator in Dubai, will seek approval from holders of its 7.5 billion-dirham ($2 billion) Islamic bonds to redeem the trust certificates ahead of their maturity in November. Jebel Ali is in advanced discussions with a group of financial institutions in relation to a financing package, the company said in a statement to Nasdaq Dubai. The use of proceeds will be solely for the redemption of the certificates ahead of the scheduled redemption date. |
