Sharjah-based developer Arada has completed the issuance of a $350m sukuk, which has been listed on the London Stock Exchange. The dollar-denominated sukuk was priced at par with a coupon of 8.125 per cent, inside the initial guidance area of 8.25 per cent for a spread of 530 bps over Treasuries. The five-year fixed rate RegS debut sukuk issuance was ...

SHARJAH – The Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) with the Hamriyah Free Zone in Sharjah and the Sharjah Airport International Free Zone (SAIF) to provide financial support to small and medium-sized enterprises (SMEs) and startups operating in either of the free ...

Sharjah Cricket has signed a historic three-year partnership deal with Twenty First Century Media Pvt Ltd (TCM). This premier sports marketing company will be the commercial partner for the conduct of Sharjah Cricket’s domestic tournaments. This deal by one of the oldest cricket councils in the UAE will be among the longest partnerships in the country as it will extend ...