ADX lists Aldar Investments’ $500mn sukuk

Abu Dhabi / Emirates Business

Abu Dhabi Securities Exchange (ADX), region’s leading financial market, together with Aldar Properties, on Sunday rang the market opening bell to celebrate the listing of Aldar Investments’ new $500 million sukuk, marking the first corporate sukuk ever to be listed on the exchange.
The sukuk, which was raised at a profit rate of 4.75% with a 7 year tenor, will start trading on Sunday under the code ALDARSUKUK2025. There was strong investor demand for the issue, reflecting Aldar Investments’ status as the region’s highest rated non-government related corporate.
Aldar Investments is a 100% owned subsidiary of Aldar, whose shares are also listed on ADX. The sukuk
was primarily listed on the Irish Stock Exchange and is now traded on Euronext Dublin, as well as Abu Dhabi Securities Exchange.
Rashed Al Blooshi said: “This dual listing is yet another testament to ADX’s leadership and excellence in the region’s securities markets.”