Ahlibank demonstrates market leadership in DCM with successful oversubscription of United Finance Company's senior bond issuance
Muscat: Reinforcing its position as a leading player in the Sultanate of Oman's debt capital markets (DCM), ahlibank has successfully acted as Issue Manager for the OMR 15 million senior bond issuance by United Finance Company (UFC), comprising a base issue of OMR 10 million and a fully exercised greenshoe option of OMR 5 million. The transaction had a novel structure of being the first senior bond issuance by a Finance and Leasing Company (FLC) in recent years. This structure enabled the three-year issuance to price competitively at a coupon of 7.00% pa.
Commenting on the success, Hanaa Al Kharusi, Senior General Manager, Wholesale Banking at ahlibank said, 'We continue to remain the #1 issue manager for fixed income issuance for private issuers on the Muscat Stock Exchange. At ahlibank, we remain committed to empowering Omani corporates through bespoke capital-raising strategies that are both efficient and market-responsive. The successful execution of this bond issuance underscores our advisory strength, our distribution expertise, and our ability to navigate market dynamics with precision, positioning ahlibank as a trusted partner in accelerating corporate growth through capital market access.'
The issuance garnered robust investor interest with total demand of OMR 17.2 million, reflecting a 1.7x oversubscription underscoring ahlibank's capability in structuring and delivering high-impact capital market transactions. The private placement received over 60 applications, representing the highest level of investor participation for any comparable corporate bond issuance in recent years. This issuance was ahlibank's fourth bonds issuance in the FLC sector with all four issuances achieving oversubscription. The strong momentum surrounding the offering illustrates growing market confidence—not only in the issuer, but also in ahlibank's execution expertise and market-readiness.
Notably, the transaction drew a well-diversified investor base, with participation from high net worth individuals, banks, government entities, corporates and asset managers. The diversity of this participation is a direct reflection of ahlibank's ability to deliver well-structured investment opportunities that resonate across stakeholder segments. Meanwhile, the depth of engagement reaffirms the bank's standing as a trusted financial intermediary within Oman's evolving capital markets landscape.
The successful closure of this issuance further solidifies ahlibank's position in the investment banking space, reinforcing its long-term strategic objective of diversifying revenue streams and deepening its leadership in Oman's capital markets. Beyond its institutional significance, the transaction also serves as a market catalyst, demonstrating the viability of capital market instruments as an effective financing avenue for corporates, particularly those within the non-bank financial sector.
As ahlibank continues to strengthen its investment banking capabilities, the bank remains committed to fostering a resilient, innovation-led capital market ecosystem that contributes meaningfully to Oman's long-term economic diversification agenda.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
an hour ago
- Khaleej Times
GECO ME crowned champions at inaugural FMPL Season 1
The inaugural edition of the Facility Management Premier League (FMPL) – Season 1, presented by O Gold App, concluded on a high note at the DCS You Select Arena Ground in Sharjah, bringing together top facility management companies for an electrifying two-day T10 cricket tournament. Held on June 13 and 14, the championship was co-sponsored by RG Group and powered by FMPL Season 1 saw eight of the UAE's leading facility management companies battle it out in 13 action-packed matches, celebrating not only competitive spirit but also unity and camaraderie within the industry. Emerging as the undisputed champions were GECO ME, who triumphed over Al Tanmiyah Super Kings in the thrilling final match. After winning the toss, Al Tanmiyah opted to bat first and posted a respectable 75/5 in 10 overs. In response, GECO ME chased down the target in just 8.2 overs, clinching the title with a spectacular Instant Cash SIX, finishing at 76/4. For their stellar performance, GECO ME was awarded the prestigious FMPL Champion's Trophy, gold medals, and a cash prize of Dh5,000. Al Tanmiyah Super Kings were lauded with silver medals and the runner-up trophy for their commendable performance. The grand finale was graced by Abdullah Al Mamoon, vice president – HR and legal affairs (HR & OE), who attended as the chief guest. Adding a touch of glamour and elegance to the event were five prominent personalities from the fashion and pageantry world: Swati Shemil – Mrs. International Women of Substance 2023 Payal Kapoor – Runner-up at De Mehr Pageant, Miss Fashionista, and International Fashion Idol Dhairya Salla – Miss UAE International Runner-Up Prutha Pawar Kaul – Mrs. India Middle East 2023 Tournament highlights: Man of the Match (Final): Asif Hayat – GECO ME Most Runs: Abu Bakar Siddiqi – GECO ME (89 runs from 37 balls) Best Bowler: Muddassir – White Spot (7 wickets, economy 3.33) Best Batsman: Zeeshan – Khansaheb Engineering (151 runs overall) Best Fielder / Most Dismissals: Afzal – Serve U Man of the Series: Mohammed Waleed – Al Tanmiyah Super Kings The entire event was seamlessly conceptualised and executed by Trendz Events – Powered by Farnek, under the visionary leadership of Karthik Vijayamani, managing director of Trendz Events. His initiative to unite the facility management community through the power of sports has set a new benchmark in the industry. Following the overwhelming success of Season 1, FMPL Season 2 is already in the works and is scheduled for February 2026. With high anticipation and growing participation, the next edition promises to be bigger, bolder, and even more competitive.
Zawya
2 hours ago
- Zawya
Mideast Stocks: UAE stocks bounce back amid hopes of regional de-escalation
Stock exchanges in the United Arab Emirates rebounded on Friday, buoyed by hopes of a potential de-escalation in regional tensions. Investor sentiment improved following European efforts to bring Tehran back to the negotiating table and a pause in U.S. involvement in the Middle East conflict. The White House said on Thursday that President Donald Trump would decide on "whether or not to go" with U.S. involvement in the conflict in the next two weeks, citing the possibility of negotiations involving Iran in the near future. Dubai's main index snapped a three-day losing streak, rising 1.6%, driven by gains in real estate and materials sector stocks. Among the top performers, Dubai's developer Emaar Properties jumped 1.2%, while state-owned Parkin Company advanced 4.8%. Separately, UAE created a new ministry of foreign trade, and appointed Thani al Zeyoudi as its minister, the United Arab Emirates prime minister and Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum said in a post on X on Friday. Abu Dhabi's benchmark index (.FTFADGI) also rebounded, gaining 1% after three consecutive sessions of losses. First Abu Dhabi Bank rose 2.7%, while Adnoc Gas advanced 2.5%. Real estate developer Aldar Properties gained 4.5% after reporting over AED 3.5 billion in sales at its Fahid Beach Residences and The Beach House projects. Despite Friday's gains, Dubai's index posted a second consecutive weekly loss, down 0.2% after nine straight weeks of gains. Abu Dhabi mirrored the trend with a 0.5% weekly decline, according to LSEG data. Meanwhile, oil prices — a key driver of Gulf financial markets — fell 2.3% to $77.04 per barrel as of 11:40 GMT. (Reporting by Mohd Edrees in Bengaluru; Editing by Shailesh Kuber)
Zawya
2 hours ago
- Zawya
MENALAC announces newly elected board members following successful AGM
Dubai, UAE – Following its Annual General Meeting (AGM) held on 19th June 2025, the Middle East and North Africa Leisure and Attractions Council (MENALAC) is thrilled to announce several new additions to our board of MENALAC, as part of the associations bi-annual elections. This newly elected leadership team will work alongside the existing board to advance MENALAC's mission of strengthening and unifying the Leisure and Entertainment (L&E) industry across the MENA region. MENALAC continues to play a vital role as the region's leading representative body for the attractions and amusement sector. With a refreshed board comprising influential and experienced industry professionals, the Council is positioned to accelerate progress, set benchmarks, and lead conversations that shape the future of leisure in the Middle East and North Africa. 'Our newly elected board is fully aligned with MENALAC's enduring vision—to unite operators, manufacturers, suppliers, consultants, tourism authorities, and regulators on a common platform that encourages collaboration and promotes high operational standards across the region. At the heart of our mission is a commitment to building a harmonized, safe, and forward-thinking leisure and entertainment landscape—one that evolves with the growing expectations of both consumers and businesses,' said Silvio Liedtke, Vice President of MENALAC. Over the coming term, MENALAC's leadership will focus on strengthening the industry's foundation through advocacy, education, and industry connectivity. By creating meaningful opportunities for professional growth, promoting best practices in safety and operations, and offering platforms for regional and global networking, MENALAC will continue to empower its members and elevate the industry. The newly elected board will also steer MENALAC's efforts to enhance the availability and reliability of market insights and data—enabling better decision-making across all segments of the industry. Through high-impact events, conferences, and knowledge-sharing initiatives, the Council aims to foster innovation and encourage excellence across the region's rapidly evolving attractions sector. As the L&E industry in the MENA region continues to grow and diversify, MENALAC stands ready to lead—championing the interests of its members and ensuring the region remains a vibrant, competitive, and globally recognised force in the world of leisure and entertainment. The MENALAC Board for 2025-2026 is as follows: Mr. Alwalid Al Baltan, Chairman & Founder, Rafeeh Entertainment Group - President of MENALAC, KSA Mr. Silvio Liedtke, CEO, Landmark Leisure - Vice-President of MENALAC, GCC Mr. Janardana Dattakumar, Director of Operations, Antic's Land – Treasurer of MENALAC, UAE Mr. Fahad Al Obailan, Group CEO, BAAN Holding, MENA Mr. Kareem Fayed, General Manager Entertainment Operation, Al Othaim Entertainment, MENA Mr. Peter Stubbs, Vice President - Technical Services | Project Delivery | Sustainability, Majid Al Futtaim Entertainment, MENA Sheikha Monira Al Sabah, CEO, Play Enterprises, Kuwait Ms Shifa Yusuffali, CEO, Ideacrate Edutainment, UAE Mr. Mohammed Alhinai, Managing Director, FunZone Oman, Oman Mr. Ahmed Yusuf, CEO, Seef Properties B.S.C., Bahrain Mr. Ahmad Kamel, CEO, Fawasel Advanced for Entertainment and Tourism, KSA Mr. Antoine Zgheib, Executive Director, Saudi Entertainment Venture (SEVEN), KSA Mr. Hussain Abdul Fatah Marafi, CEO, Fun Zone Park Kuwait (HM International Holding), Kuwait Mr. Prakash Vivekanand, Founder & Managing Director, The Zone Amusement Arcade, UAE Mr. Hassan Ahmed, Executive Director, Adventure World Entertainment, KSA Mr. Davide Camaiora, Managing Director, VIVATICKET, MENA Ms. Renee Welsh, CEO, EMBED & Booking Boss, MENA
