Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- Ministry launches portal for public-private projects in Qatar
- Zain Group posts $3.5bn revenue for H1, net profit up 49pc
- Gold Edges Up with Focus on US Inflation Data
- Dar Global Unveils $12.5 Billion Expansion Drive with Major Saudi Projects
- European shares gain on US-China tariff truce optimism
- Closing Bell: Saudi main index closes in red at 10,770
- Oil Updates - prices inch up as US-China tariff truce extension boosts trade hopes
- Currency markets in a holding pattern as they brace for US inflation data
- Bahrain's economy grows 2.7% in Q1 2025 as non-oil sector, FDI show strength
- Saudi Arabia's mining sector jumps to 23rd globally in Fraser Institute index
10/01/2018 06:11 AST
Abu Dhabi Commercial Bank (ADCB), the emirate's second-largest bank by assets, raised $540 million (Dh1.98 billion) through the sale of a Formosa bond, sources told Reuters on Tuesday.
ADCB has been among the most active Gulf banks in the Formosa market in the past year or so. Formosa bonds are sold in Taiwan by foreign issuers and denominated in currencies other than the Taiwanese dollar.
The sale, which was settled last week, was placed with institutional investors, the sources said, with Barclays arranging the deal.
The bank did not immediately respond to a Reuters request for comment.
In July, ADCB raised $320 million through the sale of a five-year Formosa bond, in addition to other issues earlier in 2017 of $230 million and $750 million, respectively.
Most recently, the bank raised A$400 million ($313.5 million) in a triple-tranche "Kangaroo" bond issuance. Kangaroo bonds are issued by non-Australian issuers in the Australian market and are denominated in Australian dollars.
Gulf News
16/07/2025
Abu Dhabi Commercial Bank (ADCB) on Tuesday reported a pre-tax profit of Dh5.94 billion for the first six months of 2025, up 18 per cent year-on-year, as the bank's strategic initiatives, digital tr
Khaleej Times
14/03/2018
The Board of Directors of Abu Dhabi Commercial Bank approved a dividend payout for 2017 of 42 per cent of the bank's capital. Dividend payout totals Dh2.18 billion, chairman of the bank Eisa Mohammad
Gulf News
30/01/2018
Abu Dhabi Commercial Bank (ADCB) has registered a full year net profit of Dh4.28 billion ($1.16 billion) for 2017, up three per cent over the same period the year before.
Announcing the fi
Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 400.20 | 0.00 (0.00 |
| FAB | 17.92 | -0.08 (-0.45 |
| EMIRATESNBD | 26.10 | -0.25 (-0.95 |
| ADIB | 22.70 | -0.20 (-0.88 |
| DIB | 9.76 | 0.02 (0.20 |
13/08/2025
Zain Group, a leading provider of innovative ICT and digital lifestyle communications, operating in eight markets across the Middle East and Africa, has reported exceptional performance for the first
Trade Arabia
13/08/2025
Adnoc Logistics & Services has reported its highest-ever quarterly results for Q2 2025, with revenue rising 40 per cent year-on-year to $1.26 billion and Ebitda increasing 31 per cent to $400 million
Khaleej Times
13/08/2025
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, reported a 7.1 per cent increase in consumption during the first half of 2025 compared
Khaleej Times
12/08/2025
The food and retail delivery company Talabat Holding now expects higher growth for full-year 2025 after netting a profit of $121 million in the second quarter.
The company, listed on DFM, al
Gulfnews
12/08/2025
Al-Safat Investment Company announced net profits of KD 4.65 million for the first half of 2025, reflecting a strong financial performance that underscores the success of its strategy to restructure
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia