BusinessLatest Business and Company Updates
Omniyat’s $500m Sukuk Debut Signals Investor Confidence in Islamic Debt Market
Dubai-based developer Omniyat has successfully launched its inaugural dollar-denominated sukuk, upsizing the issuance to $500 million from an initial target of $400 million. The offering attracted robust investor interest, with the order book reaching $1.8 billion, allowing the company to tighten pricing to 8.375%.The issuance, structured as a five-year senior
Abu Dhabi’s Sanad Aerotech capitalises on engine-shortage surge
Abu Dhabi-based aerospace engineering firm Sanad Aerotech has reported a substantial increase in its order backlog and rapid expansion into new engine platforms as airlines face global supply-chain constraints in engine manufacturing. The company disclosed that its backlog rose by
PwC Middle East expands Riyadh presence with Laysen Valley move
PwC Middle East has relocated its Riyadh office to Laysen Valley, underscoring the professional services firm’s deepening commitment to the kingdom as demand for advisory, audit and consulting services accelerates alongside economic transformation programmes.The new office brings PwC’s teams and
MMG Expands into London with DOOH Buy
Multiply Media Group, a subsidiary of 2PointZero Group PJSC, has completed the full acquisition of London Lites, a prominent digital Out-of-Home operator in London, signalling a bold step in its UK expansion strategy. The acquisition, which transfers 100 per
