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Nasdaq Dubai welcomes $1bn Sukuk listing by RAK government

DUBAI / WAM Nasdaq Dubai on Thursday welcomed the listing of the Government of Ras Al Khaimah’s, acting through the Investment and Development Office of Ras Al Khaimah (IDO), 10-year $1 billion senior unsecured Sukuk at a profit rate of 5.038 percent issued on March 5 2025. The sukuk, due in 2035, has been issued under the $2 billion Trust ...

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DP World reports record $20.0bn revenue in 2024

DUBAI / WAM DP World Limited has announced financial results for the year ended on December 31 2024. On a reported basis, revenue grew by 9.7 percent to $20.0 billion, and adjusted EBITDA rose by 6.7 percent to $5.5 billion with an adjusted EBITDA margin of 27.2 percent. Revenue growth of 9.7 percent was mainly due to improved performance from ...

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