Arada Developments has returned to the global debt markets via a successful issuance of a $400 million senior unsecured sukuk, which has been listed on the London Stock Exchange and Nasdaq Dubai. This marks the first issuance by a UAE real estate developer since the outbreak of the regional conflict in February.
Nasdaq Dubai has welcomed the secondary listing of two sovereign bond issuances totalling $1.55 billion by the Republic of the Congo, as the first sovereign issuer from Africa to list securities on Nasdaq Dubai.
EFG Hermes, a leading investment bank in the Mena region, has announced that it has played a key advisory role in the AED658 million ( ) rights issue of Depa, an interior solutions group based in Dubai, as the financial advisor and bookrunner for its listing on Nasdaq Dubai.
