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DP World lists $1bn in sukuk and bond on Nasdaq Dubai

Both issuances, each worth $500m, raise the value of the Dubai port operator's listings on the exchange to $9.09-billion

DP World is a Dubai port operator.
DP World
DP World is a Dubai port operator.

Dubai-headquartered port operator DP World has issued a $500m (AED1.8bn) sukuk and a $500m (AED1.8bn) conventional bond on Nasdaq Dubai, raising the value of its total listings to $9.09bn (AED33.4bn) and cementing its position as the UAE's largest debt issuer by value on the international exchange.

The listings emphasise Dubai’s role as one of the largest global centres for sukuk listings by value, with a current total of $58.7bn (AED215bn), UAE state news agency, Wam, reported.

The sukuk and bond were listed on 30 September 2019. 

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Construction Week - Issue 754
Nov 23, 2019