Nasdaq Dubai on Thursday welcomed the listing of a $1 billion sukuk and a $300 million conventional bond issued by global port operator DP World.
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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.
The $300 million conventional bond that listed on Thursday was a tap issuance on a $1 billion bond that DP World issued in September 2018.
DP World operates a network of trade enabling businesses including ports and terminals, industrial parks, logistics and economic zones, maritime services and marinas.
Nasdaq said DP World’s latest $1 billion 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.
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