Dubai Nasdaq launches second sukuk issuance
Nasdaq Dubai has launched the trading of the second issuance of government treasury sukuk for individuals, following the successful subscription and allocation processes that resulted in demand totaling 285 million dirhams, which is approximately 5.7 times the targeted value of 50 million dirhams. The sukuk have a five-year tenure and allow investors to manage their portfolios flexibly through additional purchases or sales in the secondary market, with semi-annual profit distributions. The issuance attracted investors from 110 nationalities, with individual investor requests accounting for 75% of the capital, while Emirati citizens accounted for 69% of the demand. This is a significant step towards strengthening the local capital market and developing safe investment tools that support confidence and financial inclusion.
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