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Abu Dhabi’s Gulf Capital gets $135M to fund investments

Abu Dhabi’s Gulf Capital gets $135M to fund investments

Gulf Capital, an Abu Dhabi-based private equity firm, said on Tuesday it secured a 500-million dirhams ($135 million) five-year revolving facility from Abu Dhabi Commercial Bank to fund its investments.

February 7, 2012 3:08
 
UAE’s Dolphin Energy eyes yp to $1B bond sale

UAE’s Dolphin Energy eyes yp to $1B bond sale

Abu Dhabi's Dolphin Energy, majority-owned by state fund Mubadala, plans to raise as much as $1 billion from a ten year bond issue, with the offering set to price as early as Tuesday, a statement from lead managers said.

February 7, 2012 2:28
 
Kuwait Commercial Bank profit sharply down in 2011

Kuwait Commercial Bank profit sharply down in 2011

Commercial Bank of Kuwait (CBK) posted a sharp drop in full-year net profit on Sunday, according to a company statement.

February 6, 2012 2:32
 
UAE lender ADCB’s Q4 net profit surges, shares rise

UAE lender ADCB’s Q4 net profit surges, shares rise

Q4 earnings jump 38.5 pct, misses forecasts but shares climb; Provisions down, interest and Islamic finance income up

January 28, 2012 1:36
 

Abu Dhabi’s ADCB eyes Benchmark bond in H1 2012

New bond an option to meet upcoming debt maturities; ADCB has $1.5 bln loan maturing March 2012; Bank has "minimal" exposure to Europe

November 22, 2011 2:18
 

Abu Dhabi’s ADCB sets final guidance on 5-year sukuk

Final guidance set at 275 bps over mid swaps; Books closed 1230GMT, pricing expected later today

November 16, 2011 8:26
 

Islamic finances may double in assets by 2016

The global debt crisis may help Islamic finance nearly double to $1.8 trillion in assets by 2016 as stagnant corporate lending pushes institutions to seek alternative financing to traditional methods, according to a report by Deutsche Bank.

November 16, 2011 12:49
 

ADCB eyes Benchmark Islamic bond

Abu Dhabi Commercial Bank's Islamic bond could launch this week; No roadshows planned ahead of Islamic bond issue - lead; ADCB is second Abu Dhabi lender eyeing sukuk currently

November 14, 2011 1:39