According to the Emirates News Agency, DP World intends to use the proceeds of these sukuk for the general growth purposes of the company, including the refinancing of the debt.
This latest listing represents the largest institutional hybrid denomination denominated in US dollars in emerging markets and the largest offering of hybrid instruments and is the permanent opening issuance of DP World.
Dubai Ports World is the largest Emirati issuance of sukuk and bonds on the Nasdaq Dubai International Stock Exchange, the most prominent in the region and its total bond and bond listing so far has reached more than $ 10 billion. American.
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, said: Our recent listing has achieved strong demand from regional and international investors, which highlights the level of confidence in business activities. The global DP World and its growth strategy, which is the listing that enables us to achieve competitive prices .. We are pleased to continue to strengthen the relationship of listing bonds and bonds between us and Nasdaq Dubai as the most prominent international stock exchange in the region that provides our publications with a prominent global platform and close relations with investors around the world .
Abdul-Wahim Al-Fahim, Chairman of NASDAQ Dubai, said: This listing by DP World highlights the strength of the activity that we are witnessing in the Sukuk sector in light of the great expansionary endeavors of our relations. And we reached out to the issuers .. The value of Sukuk listings in the stock market for this year reached $ 11.4 billion, which is higher than any value recorded in previous years during the same period, and an increase of 80% compared to the value of the Sukuk listed in the same period last year and Which amounted to 6.35 billion US dollars ... while the number of Sukuk listings for this year doubled to 14 listings compared to seven listings in the same period last year.
Hamid Ali, Chief Executive of NASDAQ Dubai, said: We are pleased to enhance the close cooperation relations between us and DP World by welcoming the listing of these sukuk on the stock exchange with the aim of providing more support For the company's successful efforts to grow and develop at the level of the region and the world .. In light of the expansion and distinction of NASDAQ Dubai as a destination for financial markets that attract exporters and investors from around the world, we will work to enhance our focus on attracting Sukuk issues and a wide variety of other products.
It is worth noting that the permanent US $ 1.5 billion DP World Bonds were listed on the Nasdaq Dubai Stock Exchange on the first of July ...
