Emirates Islamic rings market-opening bell to celebrate listing of US$ 500 million Sukuk on Nasdaq Dubai

Emirates Islamic rings market-opening bell to celebrate listing of US$ 500 million Sukuk on Nasdaq Dubai

Tue 16-11-2021 21:56 PM

























DUBAI, 16th November, 2021 (WAM) -- Salah Mohammed Amin, CEO of Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today rang the market-opening bell to celebrate the listing of a US$ 500 million Sukuk issued by Emirates Islamic on Nasdaq Dubai, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

The 5 years’ benchmark issuance rated A+ by Fitch Ratings was priced at 2.082% and was 2.4 times oversubscribed, which underlines investors’ confidence in Emirates Islamic’s prospects.

Salah Mohammed Amin, CEO of Emirates Islamic, said: "We are pleased with regional and international investors’ strong appetite towards our issuances as a clear indication of their deep confidence in the bank’s sound fundamentals, growth strategy and ability to reinforce and sustain growth. We would like to extend our sincere thanks to Nasdaq Dubai for its dynamic role in creating a world-class marketplace that cements our links with investors across the world."

"This issuance will further support Emirates Islamic’s business expansion plans and growth agenda as we seek to continue to be an active contributor towards UAE’s economic growth. Emirates