JFH Financial Group Chairman, Jassim Al-Siddiqi, rang the opening of the market yesterday to celebrate the group's listing of $ 300 million in bonds on the NASDAQ Dubai stock exchange.
The Nasdaq Dubai, in a statement, stated that this listing is an important achievement for the group, as it joins the international capital and bond markets, noting that the issuance of the sukuk aims to support the growth and expansion plans in the current and future activities and projects of the GFH Group, in fact. Its headquarters are in Bahrain, reinforcing its financial position and financing the next stage of its growth path.
She pointed out that these sukuk received wide acceptance as the size of the subscription exceeded 2.5 times the offered size, with a total value of 750 million dollars, explaining that 53% of the issuance was allocated to regional investors and 47% to international investors, while investment fund managers accounted for 61% of investors, in When 39% of the financial institutions share. The issuance period is five years.
Al Siddiqui said, “Our inclusion of the sukuk on a global trading platform with high efficiency and international standards such as (NASDAQ Dubai) will give the group a global presence among local and international investors, whose positive response to this listing reflects their strong confidence in the group and their knowledge of its future potential.”
For his part, said the governor of the Dubai International Financial Center, Secretary General of the Dubai Center for Islamic Economic Development and Chairman of the Board of Directors of the Dubai Financial Market, Issa Kazim, that «this listing by (GFH), one of the most prominent financial institutions in the region, promotes the long-standing and growing relationship between Financial markets in Bahrain and Dubai ».