Listing of $600 million Sukuk on Nasdaq Dubai

Yesterday, Nasdaq Dubai welcomed the listing of a $600 million sukuk issued by the Ahli United Bank of Kuwait, one of the most prominent financial institutions in Kuwait.

The stock exchange said in a statement yesterday that this issuance of the first-tier sukuk attracted subscription requests of more than 1.7 billion dollars.

This listing reflects the close links between the financial markets in Kuwait and the UAE, as well as Dubai's position as one of the largest sukuk listing centers globally, with a total value of $76.6 billion.

Nasdaq Dubai is the international financial exchange for the region located between Western Europe and East Asia, where it receives issuers from all over the world, looking to take advantage of investment opportunities at the regional and international levels.

The exchange currently lists stocks, derivatives, sukuk (Islamic bonds), conventional bonds, and real estate investment trusts.

The Dubai Financial Services Authority is the regulatory authority for Nasdaq Dubai, which is headquartered in the Dubai International Financial Centre.

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