The new sukuk, which will be listed on the London Stock Exchange, had strong institutional demand both locally and in Asia and Europe, which enabled the issue to be oversubscribed by 50 per cent.
Other UBF initiatives include "Tasharuk," a cyber threat intelligence sharing platform for banks in UAE, which will allow them to access tools and intelligence available to better identify, protect, detect and respond to cyber-attacks in a timel
By partnering with Microsoft, we intend to evolve our digital capabilities further, adopting world class technology to transform our customer experience.
The attorney general told the bench that the government could not arrest those who did not disclose their foreign properties, but the chief justice said the judiciary could at least ask them about the properties.
“Saudi Arabia has demonstrated a disdain for the rule of law and international norms of due process and human rights,” creating risks for investors, he wrote.