Nasdak Dubai welcomes the inclusion of billion dollars from the Ras Al Khaimah government
Dubai, March 13 / WAM / Nasdaq Dubai welcomed today, by inserting 1 billion US dollars, issued by the Ras Al Khaimah government, through the Investment and Development Office of the Ras Al Khaimah Government.
These sukuk is a priority that is not guaranteed, with a maturity of 10 years, and with a profit rate equivalent to 5.038%, which was issued on March 5, 2025.
This version is due in 2035, within the framework of the confidence -certificate program for the Ras Al Khaimah government worth $ 2 billion from the “Rak Capital” office, a company with a special purpose of the Ras Al Khaimah Government.
The release revenues are scheduled to support economic growth plans and infrastructure development in the Emirate of Ras Al Khaimah.
The edition witnessed a large demand from international investors, as the value of requests exceeded 4.4 billion US dollars, indicating the strong market confidence in economic stability in the Emirate of Ras Al Khaimah and the prospects for growth in it.
On this occasion, Muhammad Sultan Al -Qadi, a member of the Board of Directors of the Investment and Development Office of the Ras Al Khaimah government, knocked the opening of the trading session on behalf of the Ras Al Khaimah government, in the presence of Hamid Ali, CEO of Nasdaq Dubai and Dubai Financial Market.
Muhammad Sultan Al -Qadi, a member of the managing board of directors of the Investment and Development Office of the Ras Al Khaimah Government, said: The issuance of these sukuk reflects the wise financial management of the Emirate of Ras Al Khaimah and our commitment to economic growth in the long term, and the great demand by investors is an indication of the strength of our economic basics, and also provides us with the inclusion in Nasdak Dubai is a transparent and organized platform for communicating with global investors.
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Stock Exchange, said: We are pleased to welcome the inclusion of the new Ras Al Khaimah government instruments worth $ 1 billion in the NASDAC Dubai Stock Exchange, as this listing reflects the large turnout of investors, and their increasing interest in the sovereign debt tools.
He added: It is worth noting that the total issues of government bonds and bonds in Nasdaq Dubai are equivalent to 62% of the total infections on the stock exchange, stressing the leading status of the stock exchange for the inclusion of financial tools, which provides the issuance agencies a strong and organized platform to reach global financial markets.
This listing comes after previous issues of “Rak Capital” on the stock exchange, including $ 500 million bonds that are due in October 2018 and the currently listed instruments worth $ 1 billion in 2015 and deserved by the end of March 2025.
The total value of the bonds listed in Nasdaq Dubai exceeds 92.7 billion US dollars, which enhances its position as a global center for Islamic finance, and the total value of the debt tools listed in Nasdaq Dubai amounted to $ 136.2 billion, through 157 issues.
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