Damac listing to take Dubai’s sukuk to $19.67b | GulfNews.com

Damac listing to take Dubai’s sukuk to $19.67b | GulfNews.com:



"Damac Real Estate’s sukuk listing on the market in the coming two days will escalate the total value of sukuk on Dubai’s stock markets to $19.67 billion (Dh72.2 billion), according to Essa Kazim, Chairman of the DIFC Authority Board of Directors.



“In the coming two days, Damac will list sukuk worth $665 million, which will increase the total value of sukuk listed in Nasdaq Dubai and Dubai Financial Market (DFM),” Kazim, who is also the Secretary-General of the Supreme Committee of Islamic Economy, said at a media briefing on the Dubai Islamic Economy Development Centre on Monday.



Earlier this month, Damac announced its plan for a $500 million sukuk. The size of the issue was expanded to $665 million from the originally planned $500 million. The total book value exceeded $2.8 billion shortly before issuances."



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