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Egypt central bank plans United Bank IPO

MEA Finance - 0
Completion of the offering is expected to take place before the end of the first quarter of 2025
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Banking & Finance

Qatar Islamic Bank issues $750 million 5-year Sukuk

MEA Finance - 0
The five-year unsecured sukuk was priced at 100 basis points over US Treasuries at 4.485%
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Banking & Finance

Kuwait Finance House sells entire stake in Sharjah Islamic Bank

MEA Finance - 0
The Kuwaiti lender sold the shares to the Endowment of Sheikh Sultan bin Mohammed bin Saqer Al Qasimi, the Sharjah Social Security Fund and Sharjah Islamic Bank
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Banking & Finance

Dubai Islamic Bank posts AED 3.4 billion in half-year net profit

MEA Finance - 0
The bank’s total income soared by 21.3% YoY to AED 11.3 billion, showcasing its ability to drive substantial revenue growth
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Banking & Finance

SAMA regulations enhance Saudi Islamic banks’ Sharia governance, Fitch says

MEA Finance - 0
The regulations issued cover profit-sharing investment accounts and aim to enhance Sharia compliance
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Banking & Finance

Sharjah Islamic Bank successfully issues $500 million sukuk

MEA Finance - 0
The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion
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Banking & Finance

Islamic banks assets increased by AED 86 billion over past 12 months

MEA Finance - 0
The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%
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Banking & Finance

ADIB unveils nationwide business banking expansion plan

MEA Finance - 0
The expansion includes strategic collaborations with key partners specialising in serving the SME sector and leveraging its extensive network across key locations in the UAE
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Banking & Finance

QIB’s Q1 2024 net profit jumps 5.5% to QAR 955 million

MEA Finance - 0
Total income for the first three months of the year was QAR 2.81 billion compared to QAR 2.41 billion for the same period in 2023
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Banking & Finance

Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’

MEA Finance - 0
The bank’s rating is driven by potential support from the UAE authorities if needed, as reflected in its government support rating of “bbb+”
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