DUBAI: Sultan Ahmad Bin Sulayem, Group Chairman and CEO of global trade enabler DP World, rang the market-opening bell today to celebrate the listing on Nasdaq Dubai of $1.2 billion dollar sukuk. The listing by DP World reinforces Dubai’s status as the global leader for Islamic bond listings, with a total nominal value of $44.56 billion.
Bin Sulayem said, “Our issuance received strong investor demand from around the world, including the US and Europe as well as our own region, underlining the market’s confidence in our continuing development and growth as a leading trade enabler connecting marine and inland terminals, free zones and logistics for the benefit of economies around the world.”
“Our sukuk listing fits with the vision of our leaders to position Dubai as the capital of the Islamic economy globally. The demand for it illustrates the positive outlook on our strategic growth and confidence in the strength of our global network across six continents.”
DP World’s sukuk listed on Nasdaq Dubai on June 1, 2016. It is the company’s fourth debt listing on the exchange.
