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Aramco files sukuk prospectus after successful five billion dollar bond raise

Saudi Aramco has filed a prospectus for its sukuk issuance program following a $5 billion bond sale, indicating plans to tap the debt markets again. The prospectus, dated May 30, allows for sukuk issuance within a year as the company navigates economic uncertainty and declining profits. Major banks including Citi, HSBC, and JPMorgan are involved in the program.

Saudi Aramco plans new sukuk issuance after recent bond sale

Saudi Aramco has issued a new prospectus for its sukuk program, indicating plans to enter the debt markets again after raising $5 billion from a bond sale. The company is responding to economic challenges and declining profits, with expectations of a significant dividend cut this year. Meanwhile, Japan's tourism sector faces a decline in domestic travel, attributed to a shrinking population and rising costs, despite a record influx of international visitors.

top asset managers in the middle east for 2025 unveiled

Forbes Middle East has released its Top 40 Asset Managers list for 2025, highlighting leaders in the investment sector who collectively managed over US$439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top position with US$63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp and Waleed AlRashed AlHumaid of Al Rajhi Capital. The ranking emphasizes the dominance of Saudi Arabia, which hosts 19 of the top firms, while Kuwait and the UAE each contribute six.

middle eastern asset managers shape financial landscape with significant growth and innovation

Forbes Middle East has unveiled its Top 40 Asset Managers for 2025, highlighting leaders who collectively managed over $439 billion in assets in 2024. Rashed Sharif of SNB Capital retains the top spot with $63.73 billion in AUM, followed by Mohammed Alardhi of Investcorp at $53 billion. Saudi Arabia dominates the list with 19 representatives, showcasing the region's growing influence in real estate, sukuk, and private equity.
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