Nasdaq Dubai has welcomed the listing of a $200 million dollar sukuk issued by the emirate of Sharjah.
It is the emirate’s second sukuk listing on the exchange this year, following a $1 billion listing in March, Nasdaq Dubai said in a statement.
It added that the total value of sukuk listings on Nasdaq Dubai by Sharjah has now reached $2.45 billion, including listings of $750 million and $500 million in 2014 and 2016 respectively.
The latest listing, which took place on Wednesday, has raised the total value of sukuk currently listed in Dubai to $60.39 billion, the largest amount of any listing centre in the world.
A total of 14 sukuk valued at $11.99 billion have listed in 2018.For all the latest market news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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