UAE – Mubasher: DP World’s group chairman and CEO, Sultan Ahmed bin Sulayem, has rung Nasdaq Dubai market opening bell to celebrate listings of sukuk and bonds at a value of $2.3 billion.

DP World will use the returns to boost end-to-end logistics capability and finance growth opportunities, said a press release on Monday.  

The sukuk and bond listings which were carried out during 2019 include two categories of sukuk worth $1 billion and $500 million, in addition to two categories of bonds worth $500 million and $300 million.

The ceremony further underlines Dubai’s leading role in debt markets with listed sukuk value totalling $64.3 billion.

“Our exchange infrastructure is designed to provide DP World and other substantial global companies with a streamlined process ahead of listing that meets their fast-moving commercial needs.  We also provide comprehensive post-listing services that support their ongoing relationships with their international and regional investors,” said chairman of Nasdaq Dubai, Abdul Wahed Al Fahim.

In addition, chief executive of Nasdaq Dubai, Hamed Ali, revealed, “We are preparing for a significant increase in debt listing activity in 2020 from regional and international private and public sector issuers that seek the responsive listing framework and global visibility that we provide.”