Nasdaq Dubai Sukuk Value at 98.6B
Nasdaq Dubai announced the listing of $500 million sukuk issued by the Arab Energy Fund, aimed at strengthening the sukuk market and providing financing for sustainable energy projects in the Arab world. The sukuk was rated "Aa2" by Moody's and "AA+" by Fitch, and received subscription requests exceeding $900 million, with oversubscription twice the size of the issuance. This transaction is part of the Arab Energy Fund’s financing strategy, which continues to enhance its position in the Islamic finance market.
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