SHARJAH/ WAM Bank of Sharjah priced a US$500 million senior unsecured bond in the international markets. The issuance received tremendous response from international investors, attracting orders that peaked at US$1.4 billion, or almost 3x oversubscription. The bonds have a tenor of five years from the date of issuance, with a coupon of 5.25% per annum. Following marketing activity that included ...

ABU DHABI/ WAM Mira Sultan Al Suwaidi, Member of the Federal National Council, has reaffirmed the UAE’s commitment to further strengthening its strategic bilateral relations with Singapore across various fields, particularly in light of the comprehensive partnership agreement signed between the two friendly nations. Al Suwaidi made these remarks during a meeting in Abu Dhabi with Kamal R Vaswani, Singapore’s ...

ABU DHABI/ WAM Abu Dhabi Securities Exchange (ADX) has announced the listing of NMDC Energy – P.J.S.C. shares, with effect from Wednesday, 11th September, in the “First Category”. The company’s share price shall be floated for three trading sessions starting from the listing date so that the price is not subject to the permitted daily rise and fall limits (15 ...