Nasdaq Dubai Welcomes DP World’s Latest USD 1.5 Billion Perpetual Sukuk Listing

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World, a global supply chain solutions provider based in Dubai, United Arab Emirates (UAE), marked the listing of DP World’s USD 1.5 billion inaugural perpetual Sukuk by ringing the market opening bell at Nasdaq Dubai.

According to a press release issued by Nasdaq Dubai, DP World plans to use the capital raised by the perpetual Sukuk issuance, which is the largest hybrid Sukuk offering on the region’s international exchange, to grow and refinance debt. DP World is the largest UAE debt issuer on Nasdaq Dubai, with a total listing of Sukuk and conventional bonds amounting to over USD 10 billion, according to UAE local media.

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