Nasdaq Dubai welcomes Emirate of Sharjah’s $1bn sukuk listing

Nasdaq Dubai welcomes Emirate of Sharjah’s $1bn sukuk listing
The recent issue has brought the GCC emirate’s total Sukuk value listed on the exchange raised to $3.45 billion

Dubai – Mubasher: Nasdaq Dubai on Wednesday announced it has welcomed the listing of $1 billion sukuk issued by Emirate of Sharjah.

The recent issue has brought the GCC emirate’s total Sukuk value listed on the exchange raised to $3.45 billion, according to a statement by the international stock exchange.

Emirate of Sharjah, the UAE’s third largest emirate, has assigned joint Lead Managers for the latest Sukuk listing including Arab Banking Corporation, Dubai Islamic Bank, HSBC Bank, KFH Capital Investment Company, Sharjah Islamic Bank and Standard Chartered Bank. 

The legal advisers were Clifford Chance, and Maples and Calder (Dubai).