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- Saudi firms announce 2024 financial results amid Eid trading break
- Oman Cables 2024 net profit up 19.5pc; sales soar to $697m
- Agility posts solid results for 2024; revenue soars to $5bn
- AD Ports Group records $4.7bn in revenue for 2024
- WEG lands supply contract for $3bn Adnoc infrastructure project
- Qatar's banking sector sees increase in aggregate earnings
- OPEC+ to meet over excess Kazakh oil output
- Oil Updates - crude edges lower as market awaits fresh US tariffs
- Trump announces sweeping tariffs on imports, raising fears of inflation and trade wars
- New Saudi real estate directives reinforce home ownership goals: Finance minister
25/01/2018 10:26 AST
Riyad REIT announces its intention to establish a sukuk program with a targeted size of one billion Saudi Riyal through a serires of tranches.
Riyad REIT is the first REIT to issue Sukuk program in Saudi Arabia. The program aims to diversify sources of finances and their maturity profiles and to support the expansion of Riyad REIT portfolio by acquiring income producing assets beside the assets announced earlier which will be financed through the capital increase.
The program will be established and launched after completion of all regulatory procedures, as required by the Fund and according the market conditions.
The Funds Board of directors has approved to establish the program on 24/01/2018.
The Fund will announce any other significant development in this regard in due course.
Tadawul
03/04/2025
Economies across the Gulf Cooperation Council region are closing the gap with advanced nations when it comes to digital transformation, according to a new International Monetary Fund report. The st
Arab News
03/04/2025
Inbound tourism spending in Saudi Arabia surged to a record SR153.61 billion ($40.95 billion) in 2024, marking a 13.82 percent annual increase, according to data from the Saudi Central Bank.
Arab News
30/03/2025
In response to the rising land prices and rental costs in Riyadh, Crown Prince Mohammed bin Salman on Saturday directed a series of measures aimed at achieving stability in the real estate sector, th
Arab News
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03/04/2025
Oman Cables Industry (OCI), a leading cable solutions provider in the sultanate, has announced that it has delivered solid results for yet another year with its sales turnover for 2024 soaring to RO2
Trade Arabia
03/04/2025
Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with KD1.53 billion ($5 billion) in revenue as its operating entities
Trade Arabia
03/04/2025
AD Ports Group has achieved record-breaking results in 2024, with its revenues soaring to hit AED17.3 billion ($4.7 billion) and its ebitda (earnings before interest, taxes, depreciation and amortisa
Trade Arabia
03/04/2025
WEG, a leading electric motor, variable frequency drives and gearbox manufacturer, has announced that it will support the Abu Dhabi National Oil Company (Adnoc) set up a 300-km crude oil pipeline pro
Trade Arabia
29/03/2025
China's President Xi Jinping urged a gathering of multinational CEOs on Friday to protect global industry and supply chains, as Beijing seeks to assuage foreign firms' concerns over the Chinese econo
Reuters
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