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Saudi Arabia’s #sukuk market is on the rise! August 2024 alone saw $1.6B in sukuk issuances as part of Vision 2030’s transformative goals. With stable rates and high financing needs, local issuance is set to grow further.   Check out our report on Sukuk: https://lnkd.in/em7KUPZQ

Saudi Wealth Fund's Sukuk Yield Adjustment Reflects Investor Confidence In a move signaling robust investor interest, Saudi Arabia's Public Investment Fund (PIF) has recalibrated the yield on its seven-year, dollar-denominated sukuk. Initially indicated at 115 basis points above US Treasuries, the yield has been tightened to 85 basis points, against a backdrop of orders exceeding $17 billion. This strong demand underscores the confidence investors place in the Kingdom's financial instruments. Discover the full story behind PIF's strategic yield adjustment on Saudi Business News, link in bio! #PIF #Sukuk #InvestorConfidence #FinancialMarkets #SaudiArabia #PublicInvestmentFund #US_Treasuries #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia

As part of our on going commitment to offer a deeper understanding of both global and local (Saudi Arabian) markets, we have developed this comprehensive review of the sukuk landscape. In this report, we provide a thorough overview of global and Saudi Arabian sukuk markets, shedding light on trends, regulatory developments, and emerging opportunities. Our objective is to equip stakeholders—investors, issuers, and financial institutions alike—with the critical knowledge needed to navigate the evolving sukuk ecosystem.   Check out our report on Sukuk: https://lnkd.in/em7KUPZQ

GCC Nations Hit Record High in Bond and Sukuk Issuance The #GCC countries have collectively issued bonds and sukuk worth $45 billion this year, setting a trajectory to surpass 2020's record levels. With #SaudiArabia leading the pack, the region showcases robust financial strategies despite stable oil prices. The funds are channeled towards benchmark yield curves, eco-friendly projects, and ambitious infrastructure investments aligned with national objectives. Discover detailed insights and implications of these financial maneuvers on Saudi Business News, link in bio! #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #GCC #Bonds #Sukuk #Finance #Investment #Infrastructure #Economy #SustainableDevelopment #PIF #Aramco #EmiratesNBD #MEEDProjects

#newsoftheday Saudi Arabia raises over USD 2 billion from multi-tranche Sukuk The Sukuk market issuance may reach around USD 160-170 billion in 2024, from USD 168.4 billion at 2023-end and USD 179.4 billion in 2022. #internationalfinance #saudiarabia #sukukmarket #islamicfinance #usd2billion #multitranchesukuk #globalfinance #investment #sukukissuance #capitalmarkets #financialgrowth

The هيئة الأوراق المالية Jordan Securities Commission JSC is looking into further developing Sukuk issuances in the Kingdom and harnessing the potential of the Sukuk market, as an alternative financing solution to support market growth and stability. Dr Adel Bino, the chairman of the board of commissioners of JSC, stressed the importance of expanding the base for issuing Sukuk, during the Economic Forum titled ‘Islamic Sukuks: An Alternative Financing Tool’, held on the 10th March 2024. https://lnkd.in/eSEwEVCN... #REDmoney #IFN #IslamicFinance #Finance #SukukDevelopment #AlternativeFinancing #SukukMarket #SustainableFinance #IslamicInvestors #MarketDevelopment #JSC #Jordan

📢 The global sukuk market experienced an unexpectedly strong first half this year, with total issuance reaching $139.1 billion, which amounts to 64% of the full-year issuance for 2023. This growth momentum, continuing from last year, was largely driven by increasing issuances from the GCC, particularly Saudi Arabia 🇸🇦 . During this period, the Saudi government surpassed its full-year sukuk issuance value for 2023, boosted by the refinancing of $17 billion worth of sukuk maturing in the next two years. This places the Kingdom as the largest issuer of sukuk so far this year. Access the SUKUK app on LSEG Workspace for more data and insights https://lseg.group/4fAdVIe #sukuk #islamicfinance #fixedincome #capitalmarkets #marketupdate

FTSE Russell, An LSEG Business extends its congratulations to China Southern Asset Management Co., Ltd. and Huatai-PineBridge Fund Management Co., Ltd. (Formerly AIG-Huatai) for the launch of mainland China's first Saudi Arabia exchange-traded funds, offering mainland investors exposure to the stock market of Gulf Cooperation Council's (GCC) largest economy. The two feeder funds, mirroring the CSOP Saudi Arabia ETF [ticker: 2830] which tracks the FTSE Saudi Arabia Index, will operate under the Qualified Domestic Institutional Investor (QDII) program. – The right ETF starts with the right index – Find out more about the FTSE Saudi Arabia indices: 👉 FTSE Saudi Arabia Net Tax Index Factsheet: https://lseg.group/3uu4LtC 👉 FTSE Saudi Arabia Inclusion Index Series Methodology overview: https://lseg.group/47GiGM5 #FTSERussell #Indexinvesting #SaudiArabia #ETFs

In just three months, issuers have raised more than half of the US dollar Sukuk amount raised in the whole of last year. Could greenback Sukuk this year eclipse 2023’s performance as green regulatory developments blossom into meaningful opportunities? Vineeta Tan finds out. Public Investment Fund (PIF), Islamic Corporation for the Development of the Private Sector (ICD), Oman Telecommunication Company, alrajhi bank Cenomi Centers First Abu Dhabi Bank (FAB) Kuwait Finance House and most recently, Abu Dhabi government’s  Mamoura Diversified Global Holding — these are the names to have tapped the US dollar #Sukuk space in the last three months.

SNB Capital won 4 categories of #SCMA2023 provided by Saudi Tadawul Group and CFA Society Saudi Arabia; Investment Bank of The Year, Broker of the Year, Clearing Member of The Year, and Most Active Derivatives Broker of The Year. Learn more about our achievements and outstanding performance in 2023 #SNBCapital #FutureConfident #investment