Business - Islamic Development Bank lists $1b sukuk in Dubai:
"The Islamic Development Bank, or IDB, announced on Wednesday the listing of its $1 billion sukuk on Nasdaq Dubai, providing a vital thrust to the emirate’s resolute drive to emerge as the global capital of Islamic economy.
The supranational lender said the main objective behind the listing on Dubai bourse today was to provide additional financial resources to support its expansion plans and to prop up Islamic economic and financial sectors within the UAE.
The listing falls in line with the IDB’s Medium Term Note Programme, which recently increased from $6.5 billion to reach $10 billion.
The IDB announcement was made at a meeting with the bank’s delegation held with Shaikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance. Dr Abdul Aziz Al Hinai, vice-president for Finance at IDB, led the delegation."
'via Blog this'
No comments:
Post a Comment