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Real Estate · DubaiNasdaq Dubai, the region's international financial exchange, today welcomed the listing of a USD 500 million Sukuk by Binghatti Holding, a leading Dubai-based property developer. Issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, the Sukuk matures in 2030 and was oversubscribed five times, attracting more than USD 2.5 billion in orders from regional and international investors. Reflecting this strong demand, the issua…See the Story
Binghatti Holding Lists $500 Million Sukuk on Nasdaq Dubai
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Business · Saudi ArabiaA consortium led by Abu Dhabi National Energy Co (Taqa) has secured funding for greenfield power plant projects in Saudi Arabia worth $4 billion. The Rumah 2 and Nairyah 2 gas-fired power plants are located in the western and central regions and will generate 3.6 gigawatts of power to the national grid. The group includes Japanese power generation company Jera Co and AlBawani Capital, a subsidiary of Riyadh-based AlBawani Holding. The consortium…See the Story
