Economy

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Nasdaq Dubai welcomes US$ 3.25bn Indonesian Sukuk listings

Nasdaq Dubai on Monday welcomed the listing of two Sukuk tranches issued by the Government of Indonesia, with a total value of US$ 3.25 billion.
By TRENDS Desk
June 7, 2022 2:42 pm
  • The two tranches comprise US$ 1.75bn five-year Trust Certificates with a 4.40% yield and US$ 1.5 billion 10-year Trust Certificates with a 4.70% yield
  • The listings further strengthened Dubai’s position as one of the largest centers for Sukuk listings globally, with a total listed value of US$ 80.9 billion

Nasdaq Dubai on Monday welcomed the listing of two Sukuk tranches issued by the Government of Indonesia, with a total value of US$ 3.25 billion.

The two tranches comprise US$ 1.75 billion five-year Trust Certificates with a 4.40 percent yield and US$ 1.5 billion 10-year Trust Certificates with a 4.70 percent yield.

The Government of Indonesia is one of the largest Sukuk issuers on Nasdaq Dubai, with the new listings increasing the total value of Sukuk listed by the Government on Nasdaq Dubai to US$ 22 billion.

The listings further strengthened Dubai’s position as one of the largest centers for Sukuk listings globally, with a total listed value of US$ 80.9 billion.

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