Nasdaq Dubai has welcomed the listing of a $400 million sukuk by Arada Developments LLC, a UAE-based master developer.

According to Amac News: Nasdaq Dubai said that the five-year sukuk with a fixed rate attracted a lot of demand from regional and international investors.
 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.