Industries Qatar (IQCD) reported a net profit of QAR 1,615 mn in 3Q22 (our estimate of a net profit of QAR 2,576 mn) compared to a net profit of QAR 2,100 mn in 3Q21. The bottom line was hit mainly due to a lower topline and a higher-than-expected jump in feedstock prices. Though the top...
National Bank of Oman (NBOB) announced successful completion of Tier 1 Perpetual securities’ issuance worth USD 134mn (about OMR 52mn, U Capital calculations) on November 29th, 2022. The offering will be listed on Euronext Dublin (Regulated market). The capital securities carry a coupon of 6.750% representing a margin of 286.1bps over the relevant benchmark US...
