DP World lists $1bn sukuk, $300m bond on Nasdaq Dubai

DP World now has sukuk and conventional bond listings on Nasdaq Dubai totalling $8.09bn
Dp world, Sukuk, Nasdaq

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Nasdaq Dubai has 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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