|25 November, 2019

DP World Group Chairman, CEO rings Nasdaq Dubai market opening bell to celebrate Sukuk and bond listings

DP World will use the capital to further enhance end-to-end logistics capability

DP World Group Chairman, CEO rings Nasdaq Dubai market opening bell to celebrate Sukuk and bond listings
  • Ceremony underlines Dubai’s leading role in debt markets including listed Sukuk value totaling 64.3 billion US dollars

Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, said: “Our exchange infrastructure is designed to provide DP World and other substantial global companies with a streamlined process ahead of listing that meets their fast-moving commercial needs.  We also provide comprehensive post-listing services that support their ongoing relationships with their international and regional investors.”

Hamed Ali, Chief Executive of Nasdaq Dubai, said: “The multiple listings during 2019 by one of Dubai’s most prominent international enterprises underline the Emirate’s expansion as a capital markets hub that attracts investors from around the world. We are preparing for a significant increase in debt listing activity in 2020 from regional and international private and public sector issuers that seek the responsive listing framework and global visibility that we provide.”     

For Nasdaq Dubai media enquiries, please contact:

Mark Fisher, SVP, Corporate Communications & Marketing
Nasdaq Dubai
Tel: +971 50 624 5805
mark.fisher@nasdaqdubai.com 

For DP World media enquiries, please contact:
Hakam Kherallah, International Media Relations Manager
DP World
Tel: +971 50 5522610
hakam.kherallah@dpworld.com 

Roland Buerk,
Head of Media Relations
DP World
Tel: +971 50 6287856
roland.buerk@dpworld.com 

About Nasdaq Dubai

Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).

The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).

About DP World 

DP World is the leading enabler of global trade and an integral part of the supply chain.

We operate multiple related businesses – from marine and inland terminals, marine services, logistics and ancillary services, to technology-driven trade solutions.

Our portfolio of more than 150 operations in over 50 countries across six continents gives us a significant presence both in high-growth and mature markets.

DP World’s dedicated team of more than 50,000 employees from 120 countries builds enduring relationships with governments, shipping lines, importers and exporters, communities, and many other essential constituents of the global supply chain, providing quality value-added services today and tomorrow.

Container handling is the company’s core business and generates more than half of its revenue. In 2018, DP World handled over 70 million TEU (Twenty-foot Equivalent Units) across our portfolio. With a pipeline of committed developments and expansions, we expect the current gross capacity of 91 million TEU to rise in line with market demand.

By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally. We aim to be essential to the bright future of global trade, ensuring that everything we do contributes positively and sustainably to the economy and society.

© Press Release 2019

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