Pharma Power Move: Mayada Al-Ahmad Ignites the Gulf with Bold Leadership!

Riyadh Lights Up with Fresh Energy

Bristol Myers Squibb (BMS) just dropped exciting news from Riyadh, Saudi Arabia. The global biopharmaceutical leader appoints Mayada Al-Ahmad as General Manager of Saudi Arabia and Gulf Countries, effective June 1, 2026. She steps up to lead the vibrant affiliate covering Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Oman, Bahrain, and Jordan. Moreover, Mayada actively drives BMS’s mission to deliver transformative medicines that change patients’ lives across this dynamic region.  

A Proven Trailblazer Ready to Soar

Furthermore, Mayada brings over 24 years of progressive leadership across commercial, strategic, and country management roles in the Middle East, Africa, Türkiye, Russia, and beyond. She masters Oncology, Hematology, Cardiovascular, Neuroscience, and Diabetes while building high-performing, patient-centric teams that thrive in tough markets.  

"As she assumes this new leadership role, Mayada's deep understanding... will be instrumental," says Michelle Calope, Senior Vice President. Transitioning seamlessly, Mayada shares her excitement: "I am honored and enthusiastic to step into this pivotal role... making a meaningful difference in patients' lives." What an inspiring new chapter! 

DIB's Epic $1 Billion Sukuk Splash: Islamic Finance's Boldest Move Yet!

Igniting Investor Passion in Tough Times

Dubai Islamic Bank (DIB), rated A3 by Moody’s and A by Fitch, rocked the financial world as the world's first Islamic bank and the largest in the UAE. They successfully priced a USD 1 billion Additional Tier 1 Perpetual Non-Call 6-Year Sukuk at a profit rate of 6.250%, equivalent to a reset spread of 191.10 basis points over the interpolated U.S. treasury rate. Moreover, this deal highlights DIB’s robust credit fundamentals and resilient profitability. Investors showed huge confidence despite the challenging geopolitical backdrop.  

Transitioning smoothly from marketing to success, DIB pulled off this win through smart planning. The transaction reflects their prudent capital management framework and strategic market positioning.

Oversubscription Frenzy and Global Reach

Furthermore, the orderbook peaked at over USD 2.3 billion, delivering a stunning 2.3x oversubscription. More than 85 institutional accounts from Europe, Asia, and the Middle East jumped in. Consequently, 83% went to the MENA region while 17% reached the UK, Europe, and other international investors. By investor type, banks and private banks took 77%, with fund managers claiming 21% and the rest going to insurance companies, pension funds, and sovereign wealth funds.  

Additionally, DIB raised this through public AT1 markets, marking one of the largest GCC AT1 issuances recently. Strong participation from dedicated Islamic investors underscores the depth of demand.

Leadership Wisdom and Market Mastery

Dr. Adnan Chilwan, Group Chief Executive Officer of DIB, shared: “The strong outcome of this issuance reflects the market’s continued confidence in DIB’s financial strength, disciplined capital strategy and ability to deliver successful transactions even in challenging conditions.” He added that the depth and quality of demand reaffirm the bank’s standing as a trusted issuer.  

This reinforces DIB’s leadership within the global Sukuk investor base.

Sealing the Deal and Looking Ahead

DIB started marketing on June 8 with efficient investor calls, opening the orderbook on June 9. They tightened pricing from initial thoughts thanks to rapid demand growth. Finally, the Sukuk will list on Euronext Dublin and Nasdaq Dubai, backed by top joint lead managers.  

Overall, this triumph cements DIB’s position as a leading capital markets issuer. 

Date-Powered Thrill: Fuell Drops the Ultimate Emirati Energy Boost!

The Sweet Launch That’s Shaking Up Drinks

In **ABU DHABI, UAE**, Agthia Group PJSC just dropped something epic. The region's leading food and beverage company today announced the launch of **Fuell**, the world's first energy drink sweetened with dates. 

They blend that rich date-based sweetness with powerful functional ingredients like guarana and Korean red ginseng. Moreover, this move shows Agthia’s smart focus on natural ingredients and heritage while staying fresh for today’s fast-paced crowd.

Why Fuell Feels So Right

Salmeen Alameri, Managing Director and Chief Executive Officer of Agthia Group, said: "Fuell represents innovation, differentiated and proudly rooted in the region. Dates are part of the UAE's history. With Fuell, we are taking that heritage forward into a modern consumer product that speaks to today's lifestyles and expectations. This launch reflects our ambition to build brands that are locally meaningful, and capable of competing in dynamic, high-growth categories."

Therefore, Fuell highlights Agthia’s quick innovation style. They combined sharp consumer insights with expert formulation to create a standout product. Initially rolling out through select channels in the UAE, plans are already brewing to expand availability soon. This drink truly fuels the future!