Latest news with #DanielLuiz
Zawya
4 days ago
- Business
- Zawya
Bank Muscat H1 2025 net profit rises 12%
Oman's biggest lender Bank Muscat posted a 12% jump in net profit for H1 2025 to 125.8 million rials ($327 million) as both interest income and non-interest incomes rose. Operating profit rose 10% to OMR 180.2 million. Net interest income from conventional banking, and net income from Islamic banking rose 8% to OMR 206.44 million. Non-interest income was OMR 81.83 million compared with OMR 75.27 million the year-ago period. Net impairment loss was OMR 30.16 million versus OMR 29.9 million. (Writing by Brinda Darasha; editing by Daniel Luiz)
Zawya
10-06-2025
- Business
- Zawya
Abu Dhabi-listed Agility Global signs $500mln credit facility
The Abu Dhabi-listed Agility Global, a subsidiary of Agility Public Warehousing Company, has signed $500 million credit facility. The facility has a maturity of three years of signing, dated June 10, 2025, with certain extension options. Agility Global, which is 51% owned by the Kuwait logistics giant Agility Public Warehousing Co., said the credit facility will be used to fund ongoing operations and future growth. (Writing by Bindu Rai, editing by Daniel Luiz)
Zawya
21-05-2025
- Business
- Zawya
Kuwait Real Estate Co. unit secures facility worth $46.3mln
Kuwait Real Estate Company (KREC) said a subsidiary has signed a credit facility agreement in the United Arab Emirates for a value of 170 million dirhams (KWD 14.16 million $46.3 million). The company didn't name the bank or the terms of the loan. The facility will be used to repay an existing loan of AED 154.68 million with the remainder used to finance the company's real estate and hotel activities within the UAE. (Writing by Brinda Darasha; editing by Daniel Luiz)
Zawya
14-05-2025
- Business
- Zawya
Kuwait's Warba Bank's AT1 sukuk price tightens to 6.25%
Kuwait's Warba Bank has priced its $250 million AT1 sukuk at 6.25%, tighter than the original price guidance of around 6.5%. The perpetual non-call 5.5 year sukuk will have a benchmark yield of 4.148% with a reoffer yield of 6.250%. (Writing by Imogen Lillywhite; editing by Daniel Luiz)
Zawya
13-05-2025
- Business
- Zawya
Warba Bank $250 mln AT1 sukuk price guidance at 6.5%
Price guidance for Kuwait's part state-owned Warba Bank $250 million AT1 capital sukuk offering is at the 6.5% area. The Reg S category 2 5.5 year listing will list on Nasdaq Dubai and London Stock Exchange's International Securities Market, with issuance expected 20th May. (Writing by Imogen Lillywhite; editing by Daniel Luiz)
