27 May, 2024Nasdaq Dubai Approves AED 1.1 billion Treasury Sukuk Issued by the UAE Federal Government
Nasdaq Dubai, the region's international financial exchange, has approved the admission of AED 1.1 billion Treasury Sukuk issued by the UAE Federal Government, acting through the Ministry of Finance, under the Treasury Sukuk Programme.
The Sukuk issuance consists of two tranches:
AED 550,000,000 : 4.57 percent Treasury Sukuk due 2027
AED 550,000,000 : 4.12 percent Treasury Sukuk due 2029
Through the addition of this issuance, the total outstanding value of the UAE Government’s Sukuk listings under this programme on the exchange totals up to USD 3 billion through 5 listings.
With this latest federal issuance, Nasdaq Dubai continues to solidify its position as a premier platform for Sukuk listings, enhancing its role in the growth and diversification of Islamic finance, with total value of Sukuk admitted on the exchange reaching USD 89.5 billion.
Nasdaq Dubai, formerly DIFX, is the international financial exchange in the Middle East. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to find exciting opportunities.
All Rights Reserved.
Regulated by the Dubai Financial Services Authority (DFSA)