Latest news with #MashreqBank
Arabian Post
11-06-2025
- Business
- Arabian Post
Mashreq's $500 Million Sukuk Garners Global Attention
Mashreq Bank has secured a US$500 million Sukuk issuance through its special-purpose vehicle, Mashreq Al Islami Sukuk Company Ltd, with a secondary listing on Nasdaq Dubai. The trust certificates, set to mature in 2030, were unveiled under the bank's US$2.5 billion Trust Certificate Issuance Programme. The issuance drew overwhelming appetite in the primary market, with subscriptions reaching nearly US$2.9 billion—almost six times the issued amount—before being admitted for trading on Nasdaq Dubai. Market officials and state dignitaries marked the admission ceremony. Senior Mashreq officials including Group CEO Ahmed Abdelaal, Group Head of Corporate & Investment Banking Joel Van Dusen, and Group Head of Treasury & Global Markets Salman Hadi were present. The ceremonial bell was rung by Abdelaal, alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, signifying a deepening partnership between the lender and the exchange. The demand for the paper was robust: pricing tightened to UST + 105 basis points, offering a fixed annual return of 5.03%. Participation included more than 90 investors across the Middle East, Europe and Asia, reflecting broad confidence in Mashreq's creditworthiness and reinforcing Dubai's rising role as a global hub for Islamic finance. ADVERTISEMENT Islamic finance is a growing pillar of Dubai's capital markets. Nasdaq Dubai is now home to over US$140 billion in listed debt, of which around US$97.2 billion comprises Sukuk across 163 issuances, bolstering the emirate's reputation in sharia-compliant instruments. This Sukuk marks Mashreq's return to international debt markets and sets a positive tone following heightened volatility triggered by US tariffs on the CEEMEA region in April 2025. According to Nasdaq Dubai CEO Hamed Ali, the success signifies 'Mashreq's growing ambitions in the Islamic finance sector' and affirms the exchange's role in connecting regional issuers with global investors. Mashreq Chairman Abdul Aziz Al Ghurair emphasised the issuance's significance: 'This Sukuk listing marks an important step in Mashreq's commitment to strengthening the global Islamic finance landscape … a clear demonstration of cross-border capital flows.' Ahmed Abdelaal added that the listing 'affirms our disciplined approach to funding, even in a complex macro environment'—a nod to the bank's focus on transparency and sustainable value. From a broader standpoint, the transaction shows Dubai's resilience amid global financial uncertainty. With the UST + 105 basis points spread reflecting investor trust, analysts note that the oversubscription by nearly six‑fold underscores continued market appetite for quality issuances. It strengthens investor confidence not just in Mashreq but across issuers in the CEEMEA region. Notably, this offering marks Nasdaq Dubai's first CEEMEA issuance since April's tariff shock—a turning point that restored market momentum. Regional issuers have since pursued multiple debt placements, signalling a revival of cross-border capital flows. The listing harmonises with Dubai's strategic goal to deepen Islamic capital markets and elevate its position as a capital-raising gateway for global investors. As Sukuk issuance gains traction amid tighter regulatory oversight and rising demand for ethical financing, Mashreq's listing not only advances its own capital diversification goals but also contributes to the maturation of Islamic fixed-income markets. With plans to issue further Islamic debt under its US$2.5 billion programme, the bank appears poised to leverage both primary and secondary market channels. Moving forward, stakeholders will watch for future issuances by Mashreq and other CEEMEA-based issuers to assess whether this marks a sustainable trend in Islamic finance, or a one-off surge. However, the combination of strong demand, disciplined pricing and enhanced market access marks a positive step for the sector.
Zawya
11-06-2025
- Business
- Zawya
Nasdaq Dubai welcomes Mashreq's $500mln debut sukuk listing
Dubai: Mashreq Bank listed a $500 million Sukuk on Nasdaq Dubai through Mashreq Al Islami Sukuk Company Limited, according to a press release. Issued under Mashreq's $2.50 billion Trust Certificate Issuance Program, the offering is being admitted as a secondary listing following strong demand in the primary market. The Trust Certificates, due in 2030, attracted significant investor interest, implying an orderbook of $2.90 billion, nearly six times oversubscribed. The final pricing was tightened to UST +105 basis points with a fixed profit rate of 5.03% annually. With this listing, the total value of Sukuk listed on Nasdaq Dubai stood at $97.20 billion, reinforcing the exchange's position as one of the world's largest centers for Islamic fixed income. The overall value of debt securities listed on Nasdaq Dubai currently exceeds $140 billion, across 163 issuances. Ahmed Abdelaal, Group CEO of Mashreq, said: 'Our debut listing on Nasdaq Dubai marks a new chapter in Mashreq's capital markets journey. This Sukuk issuance not only attracted strong investor interest, but also affirms our disciplined approach to funding, even in a complex macro environment.' Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: 'As Dubai continues to strengthen its capital markets infrastructure, we remain committed to providing an efficient and transparent platform that supports diverse financing needs and promotes sustainable growth across the financial ecosystem.' In the first quarter (Q1) of 2025, Mashreq Bank recorded 12% lower net profits after tax at AED 1.79 billion, compared to AED 2.04 billion in Q1-24.
Yahoo
09-06-2025
- Business
- Yahoo
Solytics Partners Welcomes Nishanth Nottath as an Advisory Board Member to Bolster Financial Crime Compliance and RegTech Solutions
NEW YORK CITY, NY / / June 9, 2025 / Solytics Partners, a global leader in RegTech and compliance analytics, proudly announces the appointment of Nishanth Nottath as Advisory Board Member for Anti-Money Laundering (AML) and Anti-Financial Crime (AFC) initiatives. His appointment is set to accelerate Solytics Partners' innovation in financial crime compliance and regulatory technology solutions. Nishanth brings over 25 years of leadership across AML, sanctions, and Compliance Technology, having held pivotal roles at Mashreq Bank, HSBC, Standard Chartered, and KPMG. Currently heading AML, ABC, Compliance Technology at Mashreq Bank - a leading financial institution in the Middle East with global operations - Nishanth has driven multiple award-winning RegTech Initiatives. At Mashreq, Nishanth spearheaded the development of Eagle Eye - an AI-powered platform for financial crime risk, which earned the 2024 Gartner Eye on Innovation Award for EMEA. His responsibilities span risk governance, policy development, and digital surveillance transformation. He also chairs the Digital Working Group under the UAE ACPF, contributing to pioneering industry guidance on trade-based financial crime in the Middle East. Nishanth's expertise in financial crime prevention and RegTech Innovation is a strategic asset as we expand our AML and ABC Solutions to meet the rising regulatory demands across global and regional markets," said Vikas Tyagi, CEO of Solytics Partners, "His in-depth knowledge of the GCC regulatory landscape and international banking will strengthen our solutions and client offerings." As an Advisory Board Member, Nishanth will guide Solytics Partners in enhancing its suite of AML compliance solutions, offering critical insights into regional regulatory expectations and helping drive advanced technology adoption. His role aligns with Solytics Partners' mission to empower financial institutions through technology-driven compliance tools that adapt to complex and evolving regulations. "Joining Solytics Partners is an exciting opportunity to contribute to the next generation of compliance technology," said Nishanth. "I look forward to contributing to their mission of developing forward-thinking financial crime solutions that empower clients to manage regulatory demands seamlessly and effectively." This strategic appointment reinforces Solytics Partners' commitment to advancing the RegTech ecosystem and underscores its position as a trusted partner for institutions combating financial crime across borders. Contact InformationDeepak Mehta Investor SOURCE: Solytics Partners View the original press release on ACCESS Newswire Sign in to access your portfolio
Zawya
04-06-2025
- Business
- Zawya
11 new financial institutions licensed in Oman last year
MUSCAT - A total of 11 new financial institutions were licensed by the Central Bank of Oman (CBO) to operate in the Sultanate of Oman in 2024 – a significant uptick that underscores the rapid growth and evolution of the country's banking and financial sector, the apex bank said. As many as 1,020 applications were received during the course of the year, seeking licenses and approvals for new financial institutions, establishments and branches, new products and services, and other licensing-related matters. The 81 per cent jump in requests can be attributed to the growth of financial institutions established, as well as the expansion of existing institutions, the Central Bank noted in a report on licensing statistics for 2024. 'This positive trend reflects the strengthening of Oman's financial sector, driven by favorable economic conditions, regulatory enhancements, and an overall increase in investor confidence. Additionally, the introduction of new financial products and services has further fueled the demand for licenses/approvals, contributing to the overall rise in requests/applications,' the Central Bank stated. Of the 11 financial institutions that received licenses were three foreign banks looking to establish branches in Oman. They are Gulf International Bank, HSBC Middle East, and Mashreq Bank. Additionally, one local investment bank was also established. 'Oman Investment Bank holds a prominent position as the first investment bank to be established in the country, offering a wide range of services such as corporate banking, asset management, and financial advisory. This establishment helps further diversify the banking sector, contributing to Oman's economic growth and financial stability,' the Central Bank noted. It add that two other applications are on hold, pending the completion of regulatory and procedural steps by the applicants. Of the remaining 7 successful applications, one – First Exchange LCC – received a license to operate as a Money Exchange Entity (MEE). Six others – Amwal Al Raqamia, Ooredoo Fintech, ONEIC Pay, Global Pay, OIFC (Khidmah) and FriendiPay – received licenses to operate as Payment Service Providers. In addition, Ahli Bank was given approval to open an overseas branch in the United Kingdom, while Bank Nizwa received the green light to open an overseas branch in Dubai International Financial Center. Hundreds of official requests were also received from commercial banks, as well as Money Exchange Entities, Finance & Leasing Companies, and Payment Service Providers, according to the report. 'The increase in requests across all categories — especially from banks and MEEs — reflects the growing demand for licensing and regulatory support as the financial sector in Oman continues to evolve. Compared to 2023, this upward trend can be attributed to several factors, including the expansion of financial services, the introduction of new regulatory frameworks, and the increasing complexity of the sector. This distribution highlights the varied needs of our stakeholders and underscores the CBO's ongoing efforts to manage and address the increasing volume and complexity of requests efficiently,' the Central Bank stated in its report. Affirming its commitment to transparency in application processing and approvals, the apex bank also announced the launch of a system to automate the branch licensing process for all financial institutions, including the issuance of certificates. 'The system is designed to replace the current manual process. It is currently in its final stages (testing phase) and is projected to go live by 2025,' it added. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
What's On
23-05-2025
- Entertainment
- What's On
12 indoor attractions in Dubai that will pop on your Instagram
The summer season in Dubai is still in full swing, but thankfully there are plenty of indoor activities to enjoy in Dubai, and some are so pretty, you just have to get your phone out for a photo for the 'Gram. Here are 12 indoor attractions in Dubai that will pop on your Instagram 3D World Selfie Museum Dubai Get snap-happy at Dubai's largest 3D trick art museum. There are tons of different artworks that, when you pose for a picture with them, create a cool optical illusion. Go with phone batteries fully charged as these snaps will be a star on your 'Gram. Purchase tickets here. 3D World Selfie Museum Dubai, Behind Mashreq Bank, Sheikh Zayed Road, Al Quoz 4, Dubai, open daily 10am to 8pm, Dhs65 per child and Dhs89 per adult, Tel: (0)50 987 6511. @3dworlddxb Arte Museum This magical multi-sensory experience here in Dubai features 13 immersive spaces and one tea bar which also comes with a pretty floral immersive experience. You are sure to go snap-happy, and will be sure to get a lot of messages asking where the photo was snapped. Ticket prices are Dhs129 per adult (over 18s) and Dhs69 per child (ages four to 17) when purchased online here. Arte Museum Dubai, Dubai Mall, Level 2, Dubai, 10am to 11pm, tickets priced at Dhs109 per person, @artemuseum_dubai At The Top Burj Khalifa outdoor observation deck is one of the highest in the world. That can only mean one thing: gorgeous views with a fully immersive experience. You can go at sunset to see the city illuminated in an orange hue, or if you're a sunrise chaser, you can book a spot over the weekend. However, the views are just as stunning at any other time of the day – we just have to have our fingers and toes crossed and hope it's not dusty. At The Top, Burj Khalifa, Sheikh Mohammed bin Rashid Blvd, Downtown Dubai, Dubai, Tel: (0) 4 888 8888. AYA Hitting up an immersive entertainment park sure sounds like a neat way to pass a few cool and sun-free hours – and if you're a social media whizz, you already know about Aya Universe. If not, now's a great time to get acquainted. From the moment you enter this sprawling 40,000 square-foot space in Wafi City Mall, you're surrounded by high-tech sound, lights and graphics with 12 zones that comprise the Aya universe, each telling a different story. It's a visual, kaleidoscopic, fully airconditioned spectacle. Aya Universe, Wafi City Mall, Sun to Thur 10am to 10pm, Fri and Sat 10am to midnight, Dhs99 (online), Dhs125 (walk-in), under-threes free. Tel: (0)4 542 0300. @ayauniverse__ Chinatown Dubai Mall Chinatowns across the world – from New York to London – have served as hubs of community, love and culture. And when walking these streets, one thing is abundantly clear: the area's restaurants are a key part of what keeps the heartbeat of Chinatown pulsing. Can Dubai's very own fully indoor Chinatown – which opened quietly in Dubai Mall in March – recreate that same magic? It's certainly giving it a shot with a wave of new restaurants opening up, including Haidilao Hot Pot, Singaporean import Hawker Chan, and Ri Hua Xuan, the restaurant said to have invented the inimitable xiao long bao soup dumpling. Chinatown Dubai Mall, opposite Dubai Ice Rink, daily 10am to midnight. *52 great indoor activities in Dubai to try this summer* Deep Dive Dubai Not exactly an indoor activity that will leave you dry but Deep Dive Dubai is a cool record-breaking indoor attraction in Dubai you have to try. It's the world's deepest pool measuring 60.02 metres deep. That's the equivalent of 11 giraffes. What do you do inside? Well, you can explore a whole sunken city with graffitied alleyways, an apartment, a library, board games, an arcade zone and even a fancy car all available for aquatic perusal. It is open to those 10 years and above, and there's no maximum age limit. Have more questions? You may find your answers here. Prices start from Dhs400. Discover the programs here. Deep Dive Dubai, Nad Al Sheba 1, Dubai, daily 9am to 6pm, Tel: (0)4 501 9444. Museum of Candy This sweet attraction is a colourful, immersive and interactive experience spread over 15 rooms. The first-of-its kind museum fuses facts and fun, inviting visitors to unleash their inner child as they go from room to room. A cotton candy bath, a gummy bear pool, and a thrill-and-chill ice cream room are just a handful of the Instagrammable highlights. And what would a candy museum be without being able to sample some sweet treats? Museum of Candy, Umm Hurair Street, daily 10am to 10pm. @museumofcandy Ski Dubai Think icy indoor activities in Dubai don't exist. Think again. Ski Dubai is arguably the coolest attraction in the city spanning 22,500 square meters in the Mall of the Emirates. Home to loads of activities, including a ski slope for skiers and snowboarders, a Snow Park', Zorb balls, penguin encounters and more. Ski school is available to help you learn the basics. Afterwards, warm up with a hot chocolate at the Avalanche Café. Costs vary on your choice of activity. Check out the prices here. Ski Dubai, Mall of the Emirates, Sheikh Zayed Road, Dubai, Tel: (600) 599 905, Souk Madinat Jumeirah If you want to get a cool snap showcasing the look and vibes of Old Dubai, head to Souk Madinat Jumeirah. You will get a feel of an old Arabian town but with a contemporary twist, that will really look cool on the 'Gram. If you can brave a minute or two outside in the heat, you'll find a neat spot to snap up a photo with the Burj Al Arab in the background. Souk Madinat Jumeirah, Al Sufouh 1, Dubai, Tel: (0)4 366 8888, The Green Planet It's hard not to be impressed by nature in this indoor tropical rainforest that's home to over 3,000 plants and animals. Experiences include encounters with a sloth, an anteater, an armadillo, birds and more. The whole family will love it. Over summer, you can even camp overnight under the tropical bio-dome. The Green Planet, City Walk, Dubai, daily 10am to 6pm, online prices start from Dhs155. Tel: (0)4 317 3999. The Lost Chambers At The Lost Chambers at Atlantis the Palm, you will explore a number of amazing marine life in 14 chambers that form the shape of an octagon. The biggest is a stunning 11 million-litre aquarium which is home to over 65,000 fascinating marine animals. You can even include a behind-the-scenes tour to complete your experience. If you are a UAE resident, you can avail of a discount so ensure you keep your Emirates ID handy. Book here. Atlantis, The Palm, Palm Jumeirah, Dubai, Tel: (0)4 426 1040. Theatre of Digital Art The Theatre of Digital Art offers a sit-down experience as artworks come to life in front of your eyes and surround you. ToDA, as it is most commonly known, is located at Souk Madinat Jumeirah and is a must-visit whether you love art or not. There are shows featuring the greats such as Vincent Van Gogh, Claude Monet and more, and for the first time, there is a show focusing on the one and only Frida Kahlo. The theatre also hosts jazz nights, meditation programs and more. Check the website for the latest show offerings and timings. Theatre of Digital Art, Souk Madinat, Dubai, prices vary, Tel: (0)4 277 4044, Images: Supplied and Getty Images
