Nasdaq Dubai has announced that it welcomes the listing of $500 million sukuk issued by Sharjah Islamic Bank (SIB).
Publish dateSaturday 13 July 2024 - 15:34
The sukuk, which matures in 2029, attracted strong demand from global and regional investors and was oversubscribed three times with orders totaling $1.5 billion.
This reflects the global appeal of the UAE's dynamic capital market. With this release, SIB's total listings, including two senior unsecured sukuk and one additional tier one capital sukuk on Nasdaq Dubai, reach US$1.5 billion.
The total value of sukuk listed on Nasdaq Dubai reaches $93.89 billion, strengthening its position as the leading global market for sukuk issuance, and the total value of bonds and sukuk listed on Nasdaq Dubai now stands at $134.1 billion.
To celebrate the listing, Ahmad Saad Ibrahim, CEO of Islamic Bank of Sharjah, rang the market opening bell at Nasdaq Dubai, and was joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
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Source : news agency wam
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