The CEO of Nasdaq Dubai and the Dubai Financial Market, Hamed Ali, said that the value of debt instruments listed on Nasdaq Dubai during the past year (2021) amounted to about $23.1 billion. Compared to $19.15 billion in 2020, a growth of 18.5%.
According to Al Bayan newspaper, Ali added that the number of sukuk and bond listings on Nasdaq Dubai during the past year was recorded, compared to 26 listings in 2020, an increase of 15.4%. .
He explained that the Nasdaq Dubai Stock Exchange recorded remarkable activity during the past year, with many issuers intensifying their movements, seeking to obtain the necessary funds to implement its development plans and growth strategies. out.
And he indicated that the outstanding performance in terms of listing bonds and sukuk during 2021 contributed to the consolidation of the position of the financial markets in Dubai, among the most prominent major listing centers for international debt issuances, noting Dubai is also the largest listing center for dollar-denominated debt issuances in the Middle East, with a total value of $108 billion.
Ali stated that bond listings on the Nasdaq Dubai Stock Exchange, set a new record last year, by listing the largest number of issues, and the highest total value in one year, This included 14 issues, worth $11.2 billion, an increase of 141%, compared to 7 listings, worth $4.65 billion, during 2020, according to Al Bayan newspaper.
The CEO of Nasdaq Dubai and the Dubai Financial Market said that with regard to sukuk listings, Nasdaq Dubai received 16 issues last year, with a total value of 11.9 billion. dollars, bringing the total value of listed sukuks to 79.4 billion dollars by the end of 2021.
Ali pointed out that the new listings were issued by leading sovereign and commercial issuers, including: the Federal Government of the United Arab Emirates represented by the Ministry of Finance, the Government of Indonesia, and the Construction Bank China, the Islamic Development Bank, and the Government of the Maldives, which is the best evidence of the confidence of regional and global issuers of sukuk and bonds, in the exchange’s regulations, advanced infrastructure, and world-class services.
