UAE's SCA mulls issuing sukuk at AED 10-AED 20 soon – CEO

UAE's SCA mulls issuing sukuk at AED 10-AED 20 soon – CEO
UAE's SCA mulls issuing sukuk at AED 10 – AED 20 soon – CEO

Abu Dhabi – Mubasher: The UAE's Securities & Commodities Authority (SCA) has started discussions with a domestic institution to issue and offer sukuk at a value of AED 10 and AED 20 during the coming period.

These sukuk will contribute to attracting more investments, in addition to financing projects, Alittihad newspaper reported, citiing SCA’s CEO Obaid Al Zaabi as saying.

The sukuk which will be issued soon are expected to be listed on Nasdaq Dubai, or one of the local stock exchanges, he added.