11 Mar, 2013Sheikh Maktoum rings bell to welcome DEWA Sukuk listing on NASDAQ Dubai
H.H. Sheikh Maktoum bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre, rang a bell to welcome the listing by Dubai Electricity and Water Authority (DEWA) of a one billion dollar Sukuk on NASDAQ Dubai.
The successful issue followed an initiative launched by the Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, for transforming Dubai into a world hub for Sukuk within his vision to establish the city as the capital of the Islamic economy.
Sheikh Maktoum said : "Dubai 's market provides a globally leading, integrated platform in terms of regulation and operation and enoys increasing trust among investors around the world. We are ready to issue or list Islamic bonds with high rates of success and efficiency."
The issuance of the DEWA Sukuk was received positively by regional and global investors. Its listing increased the total nominal value of Sukuk listed on NASDAQ Dubai to 6.24 billion dollars, while the total nominal value of Sukuk listed on Dubai 's exchanges rose to 10.17 billion dollars.
Nasdaq Dubai, formerly DIFX, is the international financial exchange in the Middle East. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to find exciting opportunities.
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