Nasdaq Dubai welcomed the listing today of a one billion US dollar Sukuk and a 300 million US dollar conventional bond issued by global trade enabler DP World.
DP World is the largest UAE debt issuer by value on the region’s international exchange, with Sukuk and conventional bond listings now totalling 8.09 billion US dollars.
The 300 million US dollar conventional bond that listed today was a tap issuance on a one billion US dollar bond that DP World issued in September 2018.
DP World operates a geographically diverse network of trade enabling businesses including ports and terminals, industrial parks, logistics and economic zones, maritime services and marinas.
DP World’s latest one billion US dollar Sukuk underlines Dubai’s role as one of the largest global centres for Sukuk listings by value, with a current total of 62.35 billion US dollars.
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).
© Press Release 2019