Nasdaq Dubai has welcomed the listing of a $400 million sukuk by Arada Developments LLC, a UAE-based master developer.
Publish dateMonday 1 July 2024 - 15:17
The offering was oversubscribed by 3.5 times, with significant participation from institutional investors, fund managers, high net worth individuals and banks, attracting interest from a diverse group of investors worldwide including Europe, the Middle East and Asia. attracted
The listing reinforces Dubai's position as a premier global center for sukuk listings, bringing the total value of sukuk issuance to $93 billion.
Domestic publishers account for 44% of this value and foreign publishers account for the remaining 56%. Nasdaq Dubai has a total value of $129 billion in listed bonds and sukuk.
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Source : news agency wam
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