DP World becomes largest UAE debt issuer by value on exchange
Nasdaq Dubai has welcomed the listing of a one billion US dollar Sukuk and a 300 million US dollar conventional bond issued by global trade enabler DP World.
DP World is the largest UAE debt issuer by value on the region’s international exchange, with Sukuk and conventional bond listings now totalling 8.09 billion US dollars.
The $300 million conventional bond that listed today was a tap issuance on a one billion US dollar bond that DP World issued in September 2018.
DP World operates a geographically diverse network of trade enabling businesses including ports and terminals, industrial parks, logistics and economic zones, maritime services and marinas.
DP World’s latest one billion US dollar Sukuk underlines Dubai’s role as one of the largest global centres for Sukuk listings by value, with a current total of 62.35 billion US dollars.
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