Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai Investments Park celebrates listing of 300 million dollar Sukuk on NASDAQ Dubai  Join our daily free Newsletter

MENAFN Press - 18/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) Abdul Aziz Yaqob Al Serkal, General Manager of Dubai Investments PJSC, today rang the market opening bell to celebrate the listing of a 300 million dollar (AED 1.1 billion) Sukuk by Dubai Investments Park Development Co. LLC (DIP) on NASDAQ Dubai



The listing by DIP, the largest integrated business and residential community in the Middle East, brings the total of new listings of Sukuk in Dubai since the beginning of 2013 to 12.55 billion dollars.





His Excellency Essa Kazim, Chairman of Dubai Financial Market (DFM) and Secretary General of Dubai Islamic Economy Development Centre, said: "Dubai's rapid growth towards becoming the global centre for Sukuk is set to gain momentum in 2014, in line with the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, to position Dubai as the global capital of the Islamic Economy, under the direction of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council. DIP's decision to list in Dubai demonstrates the important role played by the Islamic capital markets in supporting the funding requirements of a variety of companies that underpin the Emirate's growth and development.



Khalid Bin Kalban, Managing Director and CEO, Dubai Investments PJSC, said: "NASDAQ Dubai's streamlined admissions procedure positioned the exchange as an ideal venue for our Sukuk, in a commercial environment where fast and responsive decision-making is a significant factor. We appreciate the high visibility with regional and global investors provided by the region's international stock market, as well as the opportunity to list alongside other prominent issuers of Sukuk.



Abdul Wahed Al Fahim, Chairman of NASDAQ Dubai, said: "NASDAQ Dubai is delighted to support DIP's important activities in promoting development in the industrial, commercial and residential spheres through its Sukuk listing. The exchange will maintain its strategy of building critical mass in Sukuk as well as promoting other asset classes, innovation and best practice across the Islamic capital markets sector.



Including the listing of DIP's Sukuk in February, the total value of all Sukuk currently listed in Dubai has reached 18.98 billion dollars. Dubai is the third largest centre for listed Sukuk globally by value.



In addition to His Excellency Essa Kazim and Mr. Abdul Wahed Al Fahim, the bell ceremony was also attended by Hamed Ali, Chief Executive of NASDAQ Dubai; Abdulla Al Awar, Chief Executive of the Dubai Islamic Economy Development Centre; Omar Al Mesmar, General Manager of Dubai Investments Park Development Company; Rohit Walia, Executive Chairman of Alpen Capital; and Sanjay Vig, Managing Director, Alpen Capital.


About NASDAQ Dubai
NASDAQ Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds) and conventional bonds.The majority shareholder of NASDAQ Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of NASDAQ Dubai is the Dubai Financial Services Authority (DFSA). NASDAQ Dubai is located in the Dubai International Financial Centre (DIFC).About Dubai Investments ParkDubai Investments Park [DIP] is a unique, self-contained mixed-use industrial, commercial and residential complex operated by Dubai Investments Park Development Company LLC. Spread across an area of 2,300 hectares (with 1,700 hectares leased), its master-plan was developed in 1997. It has been designed as a city-within-a-city offering state-of-the-art infrastructure and outstanding facilities and services. A subsidiary of Dubai Investments PJSC, DIP is divided into three distinct zones “ each setting the benchmark for high quality projects in a well-planned, fully-integrated master community development. DIP is strategically located within minutes from the Al Maktoum International Airport and Jebel Ali Port.

 


MENAFN Press




  MENA News Headlines
 Jan 30 2015 - test from diaaAdvanced Currecy Markets [ACM]
(MENAFN - Advanced Currecy Markets [ACM]) ...

 Jan 29 2015 - HH the Emir Receives Phone Call from Ban Ki-moonQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani on Thursday received a phone call from the United Nations Secretary-General, Ban Ki-moon, during which he thanked HH the Emir on the ...

 Jan 29 2015 - Consumer spends on pharma products to increase to Dh5.03b by 2020Khaleej Times
(MENAFN - Khaleej Times) Dubai € Consumer expenditure on pharmaceutical products, medical appliances and equipment in the UAE has experienced a strong increase and is forecast to be valued around ...

 Jan 29 2015 - UAE- Time to put cyber security on top priorityKhaleej Times
(MENAFN - Khaleej Times) Kaspersky lab solutions block millions of attacks across the globe, which clearly indicates that cyber criminals are smart, but not smarter than security providers.This was ...

 Jan 29 2015 - Indian business council honours Emirati businessmenKhaleej Times
(MENAFN - Khaleej Times) Dubai - The Indian Business and Professional Council (IBPC) hosted a reception on the occasion of the 66th Republic Day of India at the Oberoi Hotel, Business Bay, on Sunday. ...

 Jan 29 2015 - UAE, Canada discuss ways to boost tradeKhaleej Times
(MENAFN - Khaleej Times) Abu Dhabi - Abdullah Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade, received a Canadian delegation led by Martin Zablocki, CEO of the Canadian ...

 Jan 29 2015 - Emirates NBD facilitates Stanbic in $85 million loan facilityKhaleej Times
(MENAFN - Khaleej Times) Al Ahli Bank of Kuwait and Standard Chartered Bank joined the transaction as mandated lead arrangers while Al Khalij Commercial Bank and The Commercial Bank of Qatar ...

 Jan 29 2015 - NBAD profit jumps 28% in 2014Khaleej Times
(MENAFN - Khaleej Times) Abu Dhabi - A strong growth in incomes from interest and non-interest based revenues bolstered the National Bank of Abu Dhabi (NBAD) profits to Dh1.372 billion in the quarter ...

 Jan 29 2015 - UAE pharma spend to hit Dh5 billion by 2020Khaleej Times
(MENAFN - Khaleej Times) It is also forecasted to increase at a compound annual growth rate (CAGR) of about 9.78 per cent from 2014 to 2020 as, by then, the value of consumer expenditure on ...

 Jan 29 2015 - Parents happy with children's educationKhaleej Times
(MENAFN - Khaleej Times) Abu Dhabi: A survey by the Abu Dhabi Education Council (Adec) has revealed that parents across the emirate are satisfied with their children's schools. The education ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help