Sharjah / WAM Arada, a property development company based in Sharjah, successfully completed the issuance of its first public financing deal, a $350 million sukuk, which has been listed on the London Stock Exchange. The five-year fixed rate RegS debut sukuk issuance was rated BB- by Fitch and B1 by Moody’s. The sukuk was priced at par with a ...

Dubai / WAM Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, on Wednesday announced that it signed a memorandum of understanding (MoU) with International Humanitarian City (IHC), the largest humanitarian hub in the world. The agreement entails the implementation of Masary, an e-gate pass system, at IHC to track and trace shipments within a ...

  Abu Dhabi / WAM Mubadala Petroleum on Wednesday announced it had reached half a million Barrels of Oil Equivalent a Day (boed) for the first time in its history. This achievement further establishes the company as a strategic player in the international energy sector and marks a 22 percent increase in production from 2021. The landmark was reached following ...