Nasdaq Dubai welcomes listing of $1b DIB sukuk


16/02/2017 06:09 AST

Nasdaq Dubai welcomed today’s listing of a $1 billion (Dh3.67 billion) sukuk by Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, on the region’s international exchange.

It brings the total value of DIB’s sukuk current listings on Nasdaq Dubai to $4.25 billion, more than any other UAE issuer.

DIB’s earlier sukuk listings comprise of a $1 billion listing in 2013, two listings in 2015 of $750 million and $1 billion, and a listing in 2016 of $500 million.

The newest DIB listing reinforces Dubai’s position as the world’s largest venue for sukuk listings by value, raising the total listed in the emirate to $47.81 billion.

Gulfnews
Market News
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 153 164,049
SABIC 96.87 3,750,585
STC 65.26 325,340
BBK 0.4 71,615
ZAIN.TASI 8.89 3,835,441
ORDS 107.3 62,563
TAWUNIYA 119.11 28,490
Recent News

Saudi Arabia Bulks Up in Asia to Boost Appeal Before Oil IPO
Saudi Arabian Oil Co. bought half of a Malaysian oil refinery and petrochemical plant as it prepares for what may be the biggest ever initial public offering by bulking up its business in Asia, its l

The Effect of Increased Infrastructure Spending and Mines Closures on
Steel prices have soared in recent months. The cost of base metals used to manufacture steel has also risen. Metal prices at Barwa Bank’s AGM approves 13.5 per cent cash dividend for shareholders
Barwa Bank’s Board has recommended to distribute cash dividends amounting to 13.5 per cent of the nominal value of the shares at the rate of QAR 1, and AED 35 per share, along with the validation of

UGB announces results for 2016
UGB’s profit attributable to shareholders of the parent for 2016 decreased to $6.3 million compared to $11.2 million in 2015, with a similar decrease in basic earnings per share to 0.77 cents from 1.

FGB, NBAD merger will lead to a stronger financial institution, FGB
The merger of First Gulf Bank (FGB) with National Bank of Abu Dhabi (NBAD) will lead to a stronger financial institution that can compete at the international level and capture trade that is coming t

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?