Latest in Tag: Sukuk Highlight
Latest in Tag: Sukuk
FRA agrees to issue ‘mudaraba sukuk’ worth EGP 2bn
The new sukuk diversifies financing solutions, investment products: FRA
Sarwa Capital signs agreement with IsDB to develop Egyptian sukuk market
Cooperation aims to increase volume of issuances, especially dollar-denominated ones: El-Sawy
Wadi Degla is close to issuing EGP 1.2bn worth financing sukuk programme
The sources added that Tharwa Securitization, the issuance manager, is studying with the Financial Regulatory Authority, the required procedures, including the credit rating.
Wadi Degla seeks to launch financing sukuk programme worth EGP 1.2bn in 2Q
Wadi Degla seeks to launch financing sukuk programme worth EGP 1.2bn in 2Q
Palm Hills Development issues financing sukuk programme worth EGP 3.2bn
Sarwa Promotion and Underwriting signed an agreement with Banque Misr and Misr Capital — the investment arm of Banque Misr — to play the role of promoter, underwriter, and payment agent for the upcoming issuance of sukuk by PHD.
Palm Hills to introduce EGP 3.2bn sukuk programme within 2 weeks
Informed sources revealed that Palm Hills Development is preparing to launch a financing sukuk programme of EGP 3.2bn within two weeks, pointing out that the Financial Regulatory Authority (FRA) is studying the file now and the necessary approvals are being obtained to launch the issuance.
Palm Hills aims to issue sukuk worth EGP 3.25bn to finance Badia project
Company seeks to issue sukuk during current quarter: Sources
Egypt expected to see EGP 5bn worth sukuk issuances in 1H 2022
The Financial Regulatory Authority recorded only one sukuk issuance worth EGP 2.5bn during 2021 by Contact Holding.
Cabinet follows up on 1st sovereign sukuk offering
Sukuk are one of most important tools for financing investment, development projects
Egypt sees only one sukuk issuance of EGP 2.5bn in 2021
Palm Hills’ sukuk issuance worth $3bn postponed to January 2022
FRA approves amendment to securitization bonds, sukuk regulations
50% reduction in fees for examining requests for issuing securitization bonds, sukuk: Omran
Egypt to see EGP 2bn worth sukuk issuance before 2021-end
Contact Financial Holding launched the only sukuk issuance YTD in Egypt, with a value of EGP 2.5bn. Noteworthy, FRA still has sukuk offerings on the table, according to Abdel Fadeel.
Egypt prepares to issue its 1st sovereign sukuk in H2 of 2021/22: Finance Minister
The offering will provide the necessary funding for investment projects listed in the economic and social development plan in the state’s general budget, to achieve development goals in line with the state’s efforts to enhance expenditures to improve citizens’ lives. He pointed out that the timing, size and type of offering will be determined later.
Contact Financial announces closure of 2nd sukuk issuance of EGP 2.5bn
The issue is an Islamic Sharia compliant seven-year Mudaraba Sukuk, and received a high credit rating of A- by the Middle East Ratings and Investors Service (MERIS). The proceeds will be used to further expand Contact Credit and its affiliate companies.
Egypt, ICD discuss joint cooperation in economic projects, sukuk issuance
Maait stressed that the Egyptian government attaches great importance to encouraging the private sector to expand its participation in the comprehensive and sustainable development process.
Egypt’s Financial Regulator expects 3 sukuk offerings in Q4 2021: Sources
Egypt saw three sukuk issuances in 2020, with total value of EGP 5.1bn
Sukuk changes Egypt’s financing methods, expected to surpass EGP 20bn in 2021
More Sukuk issuances needed to clarify amendments that executive regulations need:AlieldeanWeshahi& Partners
Roundtable on competitive advantages of sukuk to launch on 27 January
Event comes after three successful sukuk issuances, with three more to follow soon
Media Avenue to launch ‘Competitive Advantages of Sukuk’ roundtable on 14 December
Roundtable will discuss the components of a successful sukuk issuance, and the factors that determine the appropriate type or form of the instrument
Major real estate company to offer EGP 2bn worth sukuk in Q1 2021: Sources
Volume of Egypt’s sukuk issuances during 2021 expected to reach over EGP 10bn
Unlisted agricultural company to issue sukuk in January 2021: FRA
Sukuk issuances in 2021 are set to exceed EGP 10bn, says FRA official
Sarwa Capital announces closing of its EGP 2.5bn inaugural Sukuk issuance
The proceeds will be used for further expansion of Contact Credit and its affiliate companies.
CIRA to offer EGP 600m Sukuk in December, with Hermes acting as issuance manager
The sources said that the company is currently completing the offering documents with the Financial Regulatory Authority (FRA). CIRA aims to complete the offering before the end of the year, to finance its expansion in the field of education.
FRA expected to approve Sarwa Capital’s sukuk issuance
FRA’s Sharia Supervisory Committee approves sukuk’s compliance with Islamic Sharia last Thursday
FRA checks compliance of Sarwa’s new sukuk issuance with Sharia
Issuance to comprise 25m sukuk at nominal price of EGP 100 per unit through private placement
Sarwa Capital to issue EGP 2.5m worth Sukuk of Contact Finance within 2 weeks
Sarwa Capital had signed a cooperation agreement with Banque Misr and the Misr Capital Company to guarantee, promote, and cover the financing instruments for the benefit of Contact Finance. The move came as part of the general strategy to diversify sources of financing.
Sarwa Capital, Amer Group to conduct their sukuk offerings before 2020 end
Amer Group has decided to hold off announcing the value due to the prevailing pessimistic outlook of a second wave of the novel coronavirus (COVID-19). This is expected to result in a decline in the interest rate, which raises some concerns.
FRA finalises Sukuk regulations’ amendments, paving the way for promising investment
several companies want to issue sukuk in 2020, including real estate investment, services, agricultural reclamation
TMG Sukuk records 2.5 bid-to-cover ratio: EFG Hermes
FRA earlier approves first Sukuk offering worth EGP 2bn
TMG’s awaited Sukuk expected to help buoy market rebound
The issuance is reportedly to have a positive impact in three ways, given the current crisis facing Egypt’s economy due to the ongoing coronavirus (Covid-19) pandemic.