CBB Sukuk Al Ijara oversubscribed

Manama, The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 391%. Subscriptions worth BD 102 million were received for the BD 26 million issue, which carries a maturity of 182 days. The expected return on the issue, which begins on 3rd October 2024 and matures on April 3, 2025, is 5.70% compared to 5.94% of the previous issue onSeptember 5. The Sukuk Al-Ijara are issued by the CBB on behalf of the Government of the Kingdom of Bahrain. This is issue No.230 (BH0006175S62) of the short-term Sukuk Al Ijara series. Source: Bahrain News Agency

Gulf Steam Power Plant Prepares to Reconnect to National Grid

Tripoli: An official from the Gulf Steam Power Plant has announced that the process of charging the power supply has commenced, setting the stage for the plant’s return to the national grid within the next few hours.

According to Libyan News Agency,…