Thursday, November 02, 2017 10.21AM / Nasdaq
Dubai, the region’s international stock exchange, welcomed today’s listing of a
500 million US dollar Sukuk by APICORP, the multilateral development bank
established to foster the development of the Arab world’s oil and gas
is APICORP’s second Sukuk listing on Nasdaq Dubai, following a 500 million US
dollar listing in January 2016. The Sukuk have been issued under a three
billion US dollar Sukuk programme that APICORP announced in 2015, aimed at
diversifying its funding sources and reducing its overall cost of financing.
activities include equity investment, debt financing, financial advisory and
energy research services.
is a leading international centre for Sukuk activity, with Sukuk listings in
the Emirate currently totalling 52.97 billion US dollars. Eleven Sukuk listings
have taken place so far in 2017 on Nasdaq Dubai with a total value of 10.25
billion US dollars.