DP World, a global marine operator, has listed a $1.2 billion sukuk on Nasdaq Dubai, marking Dubai’s status as the global leader for Islamic bond listings, with a total nominal value of $44.56 billion.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of global trade enabler DP World, rang the market-opening bell today to celebrate the listing.

The bell-ringing ceremony was held in the presence of Essa Kazim, Governor of Dubai International Financial Centre (DIFC), Secretary General of Dubai Islamic Economy Development Centre (DIEDC), and chairman of Dubai Financial Market (DFM); Abdul Wahed Al Fahim, chairman of Nasdaq Dubai; and Hamed Ali, chief executive of Nasdaq Dubai.

Bin Sulayem said: “As the international financial exchange serving the Middle East, Nasdaq Dubai is an excellent listing venue to support the global visibility of our Sukuk. Our issuance received strong investor demand from around the world, including the US and Europe as well as our own region, underlining the market’s confidence in our continuing development and growth as a leading trade enabler connecting marine and inland terminals, free zones and logistics for the benefit of economies around the world.”

“Our Sukuk listing fits with the vision of our leaders to position Dubai as the capital of the Islamic Economy globally. The demand for it illustrates the positive outlook on our strategic growth and confidence in the strength of our global network across six continents,” he added.  – TradeArabia News Service