Kuwait’s Ahli United Bank lists $600mln sukuk on Nasdaq Dubai

Tier 1 Capital Certificates attracted more than $1.7bln in orders

  
Image used for illustrative purpose. In this Photo Illustration, Twenty and five dollar bills are displayed on August 29, 2017 in San Anselmo, California.

Image used for illustrative purpose. In this Photo Illustration, Twenty and five dollar bills are displayed on August 29, 2017 in San Anselmo, California.

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DUBAI - Nasdaq Dubai today welcomed the listing of a US$600 million Sukuk by Ahli United Bank, one of Kuwait’s leading financial institutions.

The Tier 1 Capital Certificates attracted more than US$1.7 billion in orders.

The listing underlines the close capital markets’ ties between Kuwait and the UAE, as well as Dubai’s status as one of the world’s largest centre for Sukuk listings with a total value of $76.6 billion.

© Copyright Emirates News Agency (WAM) 2021.


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