Latest news with #NasdaqDubai
Tahya Masr
10 hours ago
- Business
- Tahya Masr
Nasdaq Dubai Welcomes Mashreq's USD 500 Million Sukuk Listing
Nasdaq Dubai welcomed Mashreq's (''Mashreq'' or ''the Bank'') debut listing on the exchange with the admission of a USD 500 million Sukuk issued by Mashreq Al Islami Sukuk Company Ltd . The Trust Certificates, due in 2030, were issued under Mashreq's USD 2.5 billion Trust Certificate Issuance Programme and are being admitted as a secondary listing following strong demand in the primary market. This marks an important milestone for Mashreq as it expands its access to international capital markets and strengthens its presence in the Islamic finance space. It also reflects Nasdaq Dubai's continued role in connecting regional issuers with a global investor base through a well-regulated and diversified platform. Senior officials from Mashreq, including Ahmed Abdelaal, Group Chief Executive Officer; Joel Van Dusen, Group Head of Corporate & Investment Banking; and Salman Hadi, Group Head of Treasury & Global Markets, attended the market opening ceremony at Nasdaq Dubai to celebrate the listing. The bell was rung by Ahmed Abdelaal in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Abdul Aziz Al Ghurair, Chairman of Mashreq, commented: "This Sukuk listing marks an important step in Mashreq's commitment to strengthening the global Islamic finance landscape. It is a clear demonstration of Mashreq's long-term commitment to Islamic finance, the deepening of cross-border capital flows, and the UAE's continued emergence as a global nexus for ethical and Sharia-compliant financing. Through this programme, we are proud to reinforce investor trust and contribute meaningfully to the maturing of Islamic capital markets . Ahmed Abdelaal, Group Chief Executive Officer, Mashreq said: 'Our debut listing on Nasdaq Dubai marks a new chapter in Mashreq's capital markets journey. This Sukuk issuance not only attracted strong investor interest, but also affirms our disciplined approach to funding, even in a complex macro environment. As we continue to diversify our capital structure through Sharia-compliant channels, we remain committed to delivering strong fundamentals, market transparency, and sustainable value for all stakeholders. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: 'This listing reflects Mashreq's growing ambitions in the Islamic finance sector and underscores our role as a leading marketplace that connects regional issuers with global investors. As Dubai continues to strengthen its capital markets infrastructure, we remain committed to providing an efficient and transparent platform that supports diverse financing needs and promotes sustainable growth across the financial ecosystem. This landmark Sukuk issuance marked Mashreq's successful return to the international debt capital markets. It was also the first public issuance from the CEEMEA region since the announcement of U.S. tariffs in April 2025, which had triggered heightened volatility across global markets. The success of this transaction renewed market participants' confidence, and was followed by a string of issuances, thereby helping to reopen the market for regional issuers. The transaction attracted significant investor interest, resulting in an orderbook of USD 2.9 billion, nearly six times oversubscribed. The final pricing was tightened to UST +105 basis points with a fixed profit rate of 5.03% per annum, reflecting the strength and quality of the orderbook and strong investor confidence in Mashreq's credit fundamentals. With broad participation from over 90 global investors across the Middle East, Europe and Asia, the issuance reaffirms Mashreq's leadership in Islamic finance and reinforces Dubai's growing stature as a global hub for Sharia-compliant capital markets. With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached USD 97.2 billion, further strengthening the exchange's position as one of the world's largest centres for Islamic fixed income. The overall value of debt securities listed on Nasdaq Dubai now stands at over USD 140 billion, across 163 issuances. These figures reflect the depth and maturity of the UAE's capital markets, as well as the growing appeal of Dubai as a gateway for regional and international investment.
Gulf Business
16 hours ago
- Business
- Gulf Business
Nasdaq Dubai welcomes Mashreq's $500m Sukuk listing
Image credit: Getty Images Nasdaq Dubai welcomed Mashreq's ('Mashreq' or 'the Bank') debut listing on the exchange with the admission of a $500m Sukuk issued by Mashreq Al Islami Sukuk Company Ltd. Read- The trust certificates, due in 2030, were issued under Mashreq's $2.5bn Trust Certificate Issuance Programme and admitted as a secondary listing following strong demand in the primary market, This marks an important milestone for Mashreq as it expands its access to international capital markets and strengthens its presence in the Islamic finance space. It also reflects Nasdaq Dubai's continued role in connecting regional issuers with a global investor base through a well-regulated and diversified platform. Celebrating a strategic milestone Senior officials from Mashreq, including Ahmed Abdelaal, Group Chief Executive Officer; Joel Van Dusen, Group Head of Corporate & Investment Banking; and Salman Hadi, Group Head of Treasury & Global Markets, attended the market opening ceremony at Nasdaq Dubai to celebrate the listing. The ceremonial bell was rung by Ahmed Abdelaal in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). 'This Sukuk listing marks an important step in Mashreq's commitment to strengthening the global Islamic finance landscape. It is a clear demonstration of Mashreq's long-term commitment to Islamic finance, the deepening of cross-border capital flows, and the UAE's continued emergence as a global nexus for ethical and Sharia-compliant financing. Through this programme, we are proud to reinforce investor trust and contribute meaningfully to the maturing of Islamic capital markets,' said Abdul Aziz Al Ghurair, Chairman of Mashreq. 'Our debut listing on Nasdaq Dubai marks a new chapter in Mashreq's capital markets journey. This Sukuk issuance not only attracted strong investor interest but also affirms our disciplined approach to funding, even in a complex macro environment. As we continue to diversify our capital structure through Sharia-compliant channels, we remain committed to delivering strong fundamentals, market transparency, and sustainable value for all stakeholders,' said Ahmed Abdelaal, Group CEO of Mashreq. Investor confidence and market impact Hamed Ali, CEO of Nasdaq Dubai and DFM, said: 'This listing reflects Mashreq's growing ambitions in the Islamic finance sector and underscores our role as a leading marketplace that connects regional issuers with global investors. As Dubai continues to strengthen its capital markets infrastructure, we remain committed to providing an efficient and transparent platform that supports diverse financing needs and promotes sustainable growth across the financial ecosystem.' This landmark Sukuk issuance marked Mashreq's successful return to the international debt capital markets. It was also the first public issuance from the CEEMEA region since the announcement of U.S. tariffs in April 2025, which triggered heightened volatility across global markets. The success of this transaction renewed market participants' confidence and was followed by a string of issuances, helping to reopen the market for regional issuers. The transaction attracted significant investor interest, generating an orderbook of $2.9bn—nearly six times oversubscribed. The final pricing was tightened to UST +105 basis points with a fixed profit rate of 5.03 per cent per annum, reflecting investor confidence in Mashreq's credit fundamentals. With participation from over 90 global investors across the Middle East, Europe, and Asia, the issuance reaffirms Mashreq's leadership in Islamic finance and reinforces Dubai's growing status as a global hub for Sharia-compliant capital markets. With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached $97.2bn, further strengthening the exchange's position as one of the world's largest centers for Islamic fixed income. The overall value of debt securities listed on Nasdaq Dubai now stands at over $140bn across 163 issuances—a testament to the depth and maturity of the UAE's capital markets and the growing appeal of Dubai as a gateway for regional and international investment.
Hi Dubai
a day ago
- Business
- Hi Dubai
Mashreq Lists USD 500 Million Sukuk on Nasdaq Dubai Amid Strong Global Demand
Mashreq has marked a key milestone in its Islamic finance journey with the listing of a USD 500 million Sukuk on Nasdaq Dubai, following strong investor demand and signaling renewed confidence in the region's capital markets. The Sukuk, due in 2030, was issued by Mashreq Al Islami Sukuk Company Ltd. under the bank's USD 2.5 billion Trust Certificate Issuance Programme. Attracting an oversubscribed orderbook of USD 2.9 billion, the issuance saw broad participation from over 90 global investors across the Middle East, Europe, and Asia. The listing ceremony was attended by senior Mashreq executives, including Group CEO Ahmed Abdelaal, who rang the market-opening bell alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market. Abdelaal described the debut listing as a 'new chapter' in Mashreq's capital markets strategy, highlighting its disciplined funding approach and commitment to sustainable, Sharia-compliant financial solutions. Abdul Aziz Al Ghurair, Chairman of Mashreq, called the listing a demonstration of the bank's role in advancing global Islamic finance. Hamed Ali noted that the move underscores Nasdaq Dubai's position as a global platform linking regional issuers with international investors and supporting diversified financing needs. The successful Sukuk launch is also significant as it marked the first public issuance from the CEEMEA region since the announcement of U.S. tariffs in April 2025, which had stirred global market volatility. Its strong reception helped pave the way for additional regional issuances. With this listing, total Sukuk listings on Nasdaq Dubai have reached USD 97.2 billion, while overall debt listings now stand at over USD 140 billion — reinforcing Dubai's growing stature as a leading hub for Islamic and international capital markets. News Source: Dubai Media Office
Zawya
a day ago
- Business
- Zawya
Nasdaq Dubai welcomes Mashreq's $500mln sukuk listing
The listing brings the total value of Sukuk on Nasdaq Dubai to USD 97.2 billion, reinforcing its status as a global centre for Islamic finance. Dubai: Nasdaq Dubai welcomed Mashreq's (''Mashreq'' or ''the Bank'') debut listing on the exchange with the admission of a USD 500 million Sukuk issued by Mashreq Al Islami Sukuk Company Ltd. The Trust Certificates, due in 2030, were issued under Mashreq's USD 2.5 billion Trust Certificate Issuance Programme and are being admitted as a secondary listing following strong demand in the primary market. This marks an important milestone for Mashreq as it expands its access to international capital markets and strengthens its presence in the Islamic finance space. It also reflects Nasdaq Dubai's continued role in connecting regional issuers with a global investor base through a well-regulated and diversified platform. Senior officials from Mashreq, including Ahmed Abdelaal, Group Chief Executive Officer; Joel Van Dusen, Group Head of Corporate & Investment Banking; and Salman Hadi, Group Head of Treasury & Global Markets, attended the market opening ceremony at Nasdaq Dubai to celebrate the listing. The bell was rung by Ahmed Abdelaal in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Abdul Aziz Al Ghurair, Chairman of Mashreq, commented: "This Sukuk listing marks an important step in Mashreq's commitment to strengthening the global Islamic finance landscape. It is a clear demonstration of Mashreq's long-term commitment to Islamic finance, the deepening of cross-border capital flows, and the UAE's continued emergence as a global nexus for ethical and Sharia-compliant financing. Through this programme, we are proud to reinforce investor trust and contribute meaningfully to the maturing of Islamic capital markets.' Ahmed Abdelaal, Group Chief Executive Officer, Mashreq said: 'Our debut listing on Nasdaq Dubai marks a new chapter in Mashreq's capital markets journey. This Sukuk issuance not only attracted strong investor interest, but also affirms our disciplined approach to funding, even in a complex macro environment. As we continue to diversify our capital structure through Sharia-compliant channels, we remain committed to delivering strong fundamentals, market transparency, and sustainable value for all stakeholders.' Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: 'This listing reflects Mashreq's growing ambitions in the Islamic finance sector and underscores our role as a leading marketplace that connects regional issuers with global investors. As Dubai continues to strengthen its capital markets infrastructure, we remain committed to providing an efficient and transparent platform that supports diverse financing needs and promotes sustainable growth across the financial ecosystem.' This landmark Sukuk issuance marked Mashreq's successful return to the international debt capital markets. It was also the first public issuance from the CEEMEA region since the announcement of U.S. tariffs in April 2025, which had triggered heightened volatility across global markets. The success of this transaction renewed market participants' confidence, and was followed by a string of issuances, thereby helping to reopen the market for regional issuers. The transaction attracted significant investor interest, resulting in an orderbook of USD 2.9 billion, nearly six times oversubscribed. The final pricing was tightened to UST +105 basis points with a fixed profit rate of 5.03% per annum, reflecting the strength and quality of the orderbook and strong investor confidence in Mashreq's credit fundamentals. With broad participation from over 90 global investors across the Middle East, Europe and Asia, the issuance reaffirms Mashreq's leadership in Islamic finance and reinforces Dubai's growing stature as a global hub for Sharia-compliant capital markets. With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached USD 97.2 billion, further strengthening the exchange's position as one of the world's largest centres for Islamic fixed income. The overall value of debt securities listed on Nasdaq Dubai now stands at over USD 140 billion, across 163 issuances. These figures reflect the depth and maturity of the UAE's capital markets, as well as the growing appeal of Dubai as a gateway for regional and international investment. About Mashreq: Mashreq is more than half a century old, yet proudly thinks like a challenger, startup, and innovator. Mashreq has pioneered key innovations and developments in banking, starting with entry-level digital-first customers all the way to powering some of the region's most prominent corporations and wealth accounts. The bank's mandate is to help customers find their way to Rise Every Day, partnering through the highs and lows to help them achieve their goals and unlock their vision of success. Reassuringly present in major financial centres of the world, Mashreq's home and global HQ remains in the Middle East, offering services whenever and wherever opportunity takes its customers. Mashreq has been recognized as the fastest-growing Middle East brand, by Banking 500 rankings for 2024 by Brand Finance. Find your way to Rise Every Day at: About Nasdaq Dubai: Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS). The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). For further information, please contact: Noora Al Soori Communications and Public Relations Dubai Financial Market E: nalsoori@ Shruti Choudhury Associate Director Edelman Smithfield E: dfmedelmansmithfield@
Arabian Business
21-05-2025
- Business
- Arabian Business
Ajman Bank lists $500mn debut sukuk on Nasdaq Dubai
Ajman Bank announced the listing of its $500 million senior sukuk issue on Nasdaq Dubai, marking the bank's first sukuk issuance and debut listing on the international exchange. Issued under the bank's $1.5 billion Trust Certificate Issuance Programme, the sukuk attracted strong investor demand, achieving 5.4 times oversubscription. The maiden sukuk issue from Ajman Bank garnered interest from over 100 global investors, the bank said. The five-year issuance, maturing in 2030, underscores the growing appeal of Sharia-compliant instruments from UAE-based financial institutions, it said. Mustafa Al Khalfawi, Chief Executive Officer, Ajman Bank, said this debut sukuk issuance marks a strategic milestone in Ajman Bank's journey, aligned with its ongoing efforts to diversify the funding base and broaden investor access. 'The positive response from the global market reflects confidence in our financial performance and future outlook. Listing on Nasdaq Dubai reinforces our commitment to international standards of transparency and growth,' he said. Hamed Ali, CEO of Nasdaq Dubai and DFM, said the debut listing of Ajman Bank's sukuk issue reflects the dynamic momentum in the Islamic capital markets and reinforces Dubai's position as a global centre for sukuk listings. 'We are proud to support Ajman Bank in this important milestone and look forward to deepening our collaboration in the future,' he said. The bank joins a distinguished group of regional and international banks listed on the exchange, contributing to the $30.6 billion currently listed across 51 debt instruments by financial institutions on Nasdaq Dubai.
