PT Bank Mandiri, Indonesia’s largest bank by assets, plans to list its Islamic finance unit in 2020 as demand for Shariah-compliant products surges in the world’s most populous Muslim-majority nation. Source: Indonesia’s Bank Mandiri is on track to list its Islamic finance unit in 2020
House prices in East Anglia have risen by 7% per square metre in the past year – the steepest increase across the whole of Great Britain, Halifax data shows. Across Great Britain as a whole the price per square metre rose by 3%. The biggest increases were in Burnley in the North West and Market Harborough in the East Midlands, where prices per square metre have increased by 24% and 20% respectively. Source: East Anglia leads the way on price growth per square metre | Mortgage Introducer
London, UK; August 5, 2018: Abu Dhabi Islamic Bank (ADIB) UK, a wholly-owned subsidiary of Abu Dhabi Islamic Bank – a leading financial institution, has closed a commercial financing transaction for the acquisition of a Travelodge Hotel, located at London’s Heathrow Airport. The property was acquired by a Saudi based client for £40.3 million (AED 194.6 million), with ADIB providing £26 million (AED125.7 million) of Sharia’a-compliant financing. Source: ADIB finances AED 195 million acquisition of Travelodge Hotel at London’s Heathrow Airport | Press Release | Salaam Gateway />
Saudi sovereign fund PIF buys stake in Tesla The fund has bought a minority stake in Tesla at just below 5 per cent Source: Saudi sovereign fund PIF buys stake in Tesla – Gulf Business
SoftBank to hire Deutsche Bank’s Saudi Arabia head – report Saudi Arabia’s Public Investment has a $45 billion stake in the SoftBank-managed Vision Fund. According to the report, Saudi national Ziyad Al Ashaikh has already quit Deutsche Bank, although it remains unclear when he will begin working with SoftBank. Source: SoftBank to hire Deutsche Bank’s Saudi Arabia head – report – ArabianBusiness.com
Credit Suisse applies for Saudi banking licence Foreign banks and funds are increasingly searching for opportunities in Saudi Arabia since the kingdom unveiled a far-reaching privatisation programme earlier this year Source: Credit Suisse applies for Saudi banking licence – ArabianBusiness.com
