DP WORLD PLC The listing by DP World reinforces Dubai's status as the global leader for Islamic bond listings, with a total nominal value of 44.56 billion US dollars.
The bell-ringing ceremony was held in the presence of His Excellency Essa Kazim, Governor of Dubai International Financial Centre (DIFC), Secretary General of Dubai Islamic Economy Development Centre (DIEDC), and Chairman of Dubai Financial Market (DFM); Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai; and Hamed Ali, Chief Executive of Nasdaq Dubai.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World,said: "As the international financial exchange serving the Middle East, Nasdaq Dubai is an excellent listing venue to support the global visibility of our Sukuk. Our issuance received strong investor demand from around the world, including the US and Europe as well as our own region, underlining the market's confidence in our continuing development and growth as a leading trade enabler connecting marine and inland terminals, free zones and logistics for the benefit of economies around the world."
"Our Sukuk listing fits with the vision of our leaders to position Dubai as the capital of the Islamic Economy globally. The demand for it illustrates the positive outlook on our strategic growth and confidence in the strength of our global network across six continents."
HE Essa Kazim, Governor of DIFC, Secretary General of DIEDC and Chairman of DFM, said: "DP World's decision to choose Nasdaq Dubai for its listing highlights the growth of the Sukuk sector in the Emirate, accelerating the expansion of Dubai asthe global Capital of Islamic economy under the initiative launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minster and Ruler of Dubai. Dubai provides unrivalled expertise across all aspects of Sukuk activity."
DP World's Sukuk listed on Nasdaq Dubai on June 1, 2016. It is the company's fourth debt listing on the exchange.
Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, said: "Our Islamic capital markets framework is purpose built to support leading companies such as DP World that require a high profile platform for their securities, within a robust regulatory environment. We look forward to welcoming many more UAE, regional and international Sukuk issuers as the sector continues to expand as an attractive tool for enterprises to raise capital." Hamed Ali, Chief Executive of Nasdaq Dubai, said: "This listing by one of Dubai's most prominent international enterprises reflects the Emirate's continuing expansion as a hub for attracting investors from around the world. Nasdaq Dubai will further enhance its listing infrastructure and procedures, to ensure streamlined access to the exchange for issuers of diverse asset classes and continuing support for them after listing."Ends
Caption to Photograph: Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, rings the market-opening bell to celebrate the listing on Nasdaq Dubai of a 1.2 billion US dollar Sukuk
For Nasdaq media enquiries (insert)
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sana.maadad@dpworld.com
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About Nasdaq DubaiNasdaq 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). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).
About DP World
DP World1 is a leading enabler of global trade and an integral part of the supply chain.
We operate multiple yet related businesses - from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.
We have a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring everything we do has a long-lasting positive impact on economies and society.
Our dedicated team of over 37,000 employees from 110 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow.
Container handling is the company's core business and generates more than three quarters of its revenue. In 2015, DP World handled 61.7 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 79.6 million TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand.
By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient and safe trade solutions globally.
1 As of April 2016
DP World Limited published this content on 27 June 2016 and is solely responsible for the information contained herein.
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