DP World will certainly make use of the resources to even more boost end-to-end logistics ability Ceremony underscores Dubai’s leading duty in the red markets consisting of noted Sukuk worth amounting to 64.3 billion United States bucks.

Sultan Ahmed Bin Sulayem, Group Chairman and also Chief Executive Officer of DP World, sounded the market-opening bell at Nasdaq Dubai today to commemorate the listings of 2 Sukuk and also 2 traditional bonds with a complete worth of 2.3 billion United States bucks.

DP World will certainly make use of the resources increased for financial obligation refinancing and also to money development chances.

Image Credits: dpworld.com

The listings, executed throughout 2019, make up 2 Sukuk of one billion United States bucks and also 500 million United States bucks, and also 2 traditional bonds of 500 million United States bucks and also 300 million United States bucks.

Sultan Ahmed Bin Sulayem, Group Chairman and also Chief Executive Officer of DP World, claimed: “Our debt issuances this year were well received in the market by a wide variety of investors in the region and around the world, driven by attractive pricing, enabling us to achieve competitive pricing structures as we continue to execute our strategy to become a logistics solutions provider to end-cargo owners. Once again Nasdaq Dubai has provided valuable support for our issuances through its high global profile and close links to international and regional investors.”

DP World is the biggest UAE financial obligation provider by worth on the area’s worldwide exchange, where its Sukuk and also traditional bonds listings currently amount to over 9 billion United States bucks.

His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), Secretary General of Dubai Islamic Economy Development Centre (DIEDC) and also Chairman of Dubai Financial Market (DFM), claimed: “The issuance and listing of these Islamic and conventional instruments in Dubai reflect the high level of expertise in the UAE across all aspects of the debt markets. The Sukuk instruments emphasise the continued expansion of the Islamic capital markets in Dubai, in line with the growth of the Emirate as the global Capital of Islamic economy under the initiative launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minster and Ruler of Dubai.”

DP World’s Sukuk highlight Dubai’s duty as one of the biggest worldwide centres for Sukuk listings by small worth, presently completing 64.3 billion United States bucks.

Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, claimed: “Our exchange infrastructure is designed to provide DP World and other substantial global companies with a streamlined process ahead of listing that meets their fast-moving commercial needs. We also provide comprehensive post-listing services that support their ongoing relationships with their international and regional investors.”

Hamed Ali, Chief Executive of Nasdaq Dubai, claimed: “The multiple listings during 2019 by one of Dubai’s most prominent international enterprises underline the Emirate’s expansion as a capital markets hub that attracts investors from around the world. We are preparing for a significant increase in debt listing activity in 2020 from regional and international private and public sector issuers that seek the responsive listing framework and global visibility that we provide.”

DP World’s one billion United States buck Sukuk and also 300 million United States buck traditional bond which were noted in July were complied with by the listing of the 500 million United States buck Sukuk and also 500 million United States buck traditional bond in September.

Reference: dpworld.com