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| 26 September, 2018

Nasdaq Dubai lists $3.3bln DP World sukuk, bonds

DP World’s latest Sukuk listing underlines Dubai’s role as the largest global centre for Sukuk listings by value

Image used for illustrative purpose. People attend a ceremony for listing of Nasdaq Dubai at Dubai Financial Market (DFM) in Dubai, UAE September 5, 2016.

Image used for illustrative purpose. People attend a ceremony for listing of Nasdaq Dubai at Dubai Financial Market (DFM) in Dubai, UAE September 5, 2016.

REUTERS/Celine Aswad
Nasdaq Dubai has welcomed four new debt listings by DP World, comprising a $1 billion Sukuk and three conventional bonds of $1 billion, 750 million euros ($882 million), and 350 million sterling ($460 million) respectively.

The four listings together amount to a value of about $3.3 billion. They bring the total value of current debt listings by DP World on the region’s international exchange to $6.75 billion from seven issuances, making the company Nasdaq Dubai’s largest UAE debt issuer by value.

DP World’s latest Sukuk listing underlines Dubai’s role as the largest global centre for Sukuk listings by value, currently totalling $58.85 billion. – TradeArabia News Service

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