BusinessLatest Business and Company Updates
VFS Global Secures 7-Year Dollar Loan at Tightened Spread
VFS Global has priced a seven-year USD tranche of $1,010 million at 250 basis points over SOFR, marking a 50bps tightening from its previous guidance.The loan forms part of a dual-currency raise, with an equivalent euro tranche also in play as part of a broader funding package totalling approximately $2
Dubai Startup Reinvents Party Planning Marketplace
Dubai’s events sector is being reshaped by a new digital platform aiming to simplify how people organise celebrations. The PartyPlatform, founded by Patrick Narracott, has introduced an online marketplace linking customers directly with vendors, allowing users to either hire full-service
Arada Lists US$450 Million Sukuk on Nasdaq Dubai Amid Strong Demand
Nasdaq Dubai has admitted a US$450 million Sukuk issued by Arada Developments LLC under Arada Sukuk 2 Limited’s US$1 billion trust certificate programme. The securities carry a maturity in 2030 and were priced at a profit rate of 7.150 percent.The
Emirates Islamic Lists World’s First Sustainability-Linked Sukuk
Nasdaq Dubai has officially welcomed the listing of USD 500 million Sustainability-Linked Financing Sukuk issued by Emirates Islamic, heralding what the bank describes as the world’s first issuance of its kind. The structure is designed to tie financial terms to
