In a report obtained by a copy, Namazin said that Bloomberg’s tables include the most prominent deals in the Middle East and North Africa region during the first quarter of 2019, in the field of Global Islamic Sukuk: The total volume of international Sukuk decreased by 4.9% to $ 9.16 billion compared to the first quarter of 2018. Standard Chartered Bank came first after finishing the year 2018 with the second position, while Kuwait Finance House ranked second .
This is considered the highest ranking achieved by Kuwait Finance House in the tables of international bonds, as the volume of bonds granted in the bank reached 1.048 billion dollars during the first quarter of 2019, exceeding that The total amount of bonds granted by the bank in the fiscal year 2018, amounting to $ 555 million.
In the area of joint bank loans, total borrowers ’loans in the Middle East and North Africa region decreased in the first quarter of 2019 by 32.9%, to $ 24.8 billion compared to the first quarter. From 2018. The volume of joint bank loans recorded by borrowers from the UAE increased by 61.2%, compared to the first quarter of 2018, to reach $ 14.6 billion, while the volume of joint bank loans recorded by borrowers from the Kingdom of Saudi Arabia decreased by 75.7% compared to the quarter The first of 2018, to reach $ 5.75 billion.
The report adds that, in the area of bonds and bonds, the total volume of granted bonds increased by 26.4%, to reach $ 35.1 billion compared to 2018. This is the second highest number recorded in the quarter. The first, with the highest level recorded in the first quarter of 2017. Standard Chartered Bank maintained its rating as the best underwriter of bond and sukuk underwriting in the MENA region in the first quarter of 2019, after ending in 2018 achieving this rating. >
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