ABU DHABI / WAM First Abu Dhabi Bank (FAB) has raised almost $200 million assets under management (AUM) through a new Fixed Maturity Portfolio (FMP) — marking record subscription levels. The portfolio includes the second series of FAB’s conventional fixed maturity portfolio, following a successful first series roll-out in 2023, as well as the bank’s first Shari’ah-compliant FMP. Launched to ...

DUBAI / WAM Nasdaq Dubai welcomed the listing of $500 million Sukuk issued by Dubai Islamic Bank (DIB). The additional Tier 1 (AT1) Sukuk was issued at a profit rate of 5.25 percent per annum and received strong investor demand, resulting in substantial oversubscription. This strategic issuance reinforces DIB’s leadership in the global Islamic finance sector, providing additional capital to ...

KAZAN/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Wednesday attended the 16th BRICS Summit, inaugurated by His Excellency Vladimir Putin, President of the Russian Federation, in the Russian city of Kazan. This marks the UAE’s first participation in the summit as a full member of BRICS. The summit, chaired by Russia this year, is being held ...