Nasdak Dubai welcomes the inclusion of sukuk for $ 500 million from "Bin Gatti Holding"
Dubai, September 2/ WAM/ Nasdaq Dubai welcomed the inserts of $ 500 million from Ben Ghati Holding Company for Real Estate Development.
“Nasdaq Dubai” explained in a statement that the sukuk deserves in 2030 and was released within the “Ben Ghati” program to issue the $ 1.5 billion sukuk.
The edition witnessed a wide turnout from regional and international investors, and the subscription was covered five times the value of the offering, and the subscription requests exceeded $ 2.5 billion.
It is a result of the high demand level, as the sukuk was priced at a profit rate of 8.125%, after reducing the profit rate from the initial directives.
In celebration of the successful listing, Mohammed bin Ghati, Chairman of the Board of Directors of “Bin Ghati Holding”, bell began the opening of the trading session in NASDAC Dubai, along with Hamid Ali, CEO of Dubai Financial Market and NASDAC Dubai.
It is also reported that these instruments are also listed on the London Stock Exchange.
Mohammed bin Ghati said that the successful listing of our new 500 million dollars in Nasdaq Dubai is an important station in the company’s growth march, and the level of strong turnout confirms the great confidence of regional and international investors with the strength of our financial center and our future vision.
For his part, Hamed Ali said: “The latest process of inserting sukuk for Ben Ghati in Nasdaq Dubai reflects the ongoing global demand for financing tools that comply with the provisions of Islamic Sharia, in addition to the growing gravity of Dubai as a pioneering center for capital markets, and we confirm in Nasdak Dubai our commitment to providing an advanced platform to link the exporters with a variety of investors.
With this inclusion, the total value of the bonds from “Ben Ghati” in Nasdaq Dubai reaches one billion US dollars, which indicates the company’s continuous confidence in the stock exchange.
Nasdaq Dubai continues to strengthen its position as a leading global center for financing that is compatible with the provisions of Islamic Sharia, as the total value of sukuk infections amounted to 98.6 billion US dollars through 108 listing operations, which strengthens its location among the most prominent sukuk inserts in the world.
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