23 Nov 2011
(MENAFN) Majid Al Futtaim Holding’s treasury manager, Daniele Vecchi, said that in order to increase cash reserves, the company would sale 5-year Islamic bonds (Sukuk) which would raise around USD500 million, reported Times of Oman.
Vecchi added that the maturity would possibly be five years, which would match the firm’s expectations and suit its appetite, moreover, the size of teh deal would have enough liquidity.
He also said that the operator of Carrefour stores in the Middle East finished preparations for the Islamic bond program, whose overall size was USD1 billion.
It is worth noting that in July, the firm managed to raise USD1 billion from a number of banks in order to refinance debt and to boost liquidity.
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more