According to a report by the Kuwait Financial Center company (Namazon) received its copy, the number of preliminary issues reached 174 issues during the first half of this year, compared to 229 issues during the half The first of last year.
The report indicated that despite the decrease in the size of the initial releases in the first quarter of 2020 due to the repercussions of the outbreak of the emerging Corona Virus pandemic (Covid 19), the market The first bonds regained their activities in the second quarter, as the Gulf sovereigns issues amounted to $ 42.3 billion for the entire first half of 2020.
The spread of the pandemic (Kovid 19) and the sharp drop in oil prices have caused the growth of the economies of the Gulf countries to decline, which has contributed to the exacerbation of their budget deficits and their increasing need for financing. p>
The UAE topped the total issues of the Gulf bonds and Sukuk market in the first half of 2020 with a total value of $ 24.6 billion, or 35% of the total value of Gulf issuances through 95 issues .
Saudi Arabia came second with 28% of the total value of Gulf issues, followed by a third Qatar with 26% of the total, while the share of Kuwaiti publications reached $ 2.8 billion. Or 4% of the total value of the Gulf issuances.
During the first half of 2020, the Gulf priority issues reached $ 42.3 billion, an increase of 40% year on year, compared to a total of $ 30.1 billion in the first half. From 2019.
Corporate issues also amounted to $ 28.5 billion in the first half of 2020, a decrease of 18% year-on-year compared to a total of issues of $ 34.9 billion during the same period in the previous year. .
Traditional bond issues increased during the first half of 2020 by 16% compared to 2019, to reach $ 55.5 billion, or 79% of the total issuance ...
