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Nasdaq Dubai delists Emaar's $500m sukuk

Nasdaq Dubai delists Emaar's $500m sukuk
Emaar also listed $500 million sukuk in Nasdaq in 2012, with to be matured in 2019(Photo credit: Arabianeye - Reuters)
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Dubai-Mubasher: The Dubai Financial Services Authority delisted Emaar Properties’ $500 million sukuk matured in 2016, according to a statement by Nasdaq Dubai.

The delisting was effective as of 7 August after repaying all dues resulted from sukuk. 

In 2011, Nasdaq Dubai welcomed the listing of $500 million Sukuk on its market by Emaar.

Emaar also listed $500 million sukuk in Nasdaq in 2012, with maturity date in 2019.