The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
DUBAI / WAM
Dr Aabed Al Saadoun, Chairman of the Arab Petroleum Investments Corporation, APICORP, on Tuesday rang the market-opening bell to celebrate the listing of a US$500mn Sukuk on Nasdaq Dubai.
The total nominal value of Sukuk currently listed in Dubai has now reached US$37.81 billion, reinforcing its position as the largest centre in the world for Islamic bond listings.
The bell-ringing ceremony was attended by Essa Kazim, Governor of DIFC, Secretary-General of Dubai Islamic Economy Development Centre, DIEDC, and Chairman of Dubai Financial Market, DFM, Dr Raed Al Rayes, Deputy Chief Executive and General Manager, APICORP, Hesham Farid, Head of Treasury and Capital Markets, APICORP, and Hamed Ali, Chief Executive of Nasdaq Dubai.