Nasdaq Dubai: The prices of debt instruments amounted to $ 23 billion in 2021

The number of sukuk and bond quotes on Nasdaq Dubai has increased in the last year 2021, reaching a new record, to record a total of 30 listings, for a total value of $ 23.1 billion (Dirhams 84.85 billion), compared to 26 listings, with a total value of $ 19.15 billion (Dirhams 71.6 billion). ). ), in 2020, with a growth of 15.4% in number and an increase of 18.5% in value.

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market, said the Nasdaq Dubai Stock Exchange has seen significant activity over the past year, with many issuers stepping up their movements, trying to get the funds needed to implement the their development plans and growth strategies.

Hamed Ali added that the exceptional performance in bond and sukuk listing terms over the course of 2021 helped consolidate Dubai’s financial markets position as one of the leading listing centers for global debt issuance, noting that Dubai is also the largest center for listing debt issues in dollars in Middle East for a total value of 108 billion dollars.

Hamed explained that bond quotes on Nasdaq Dubai have set a new one record last year, listing the largest number of issues and the highest total value in a year, and that included 14 issues, worth $ 11.2 billion, an increase of 141%, compared to 7 listings worth $ 4.65 billion in 2020, according to Al Bayan newspaper.

The CEO of Nasdaq Dubai and Dubai Financial Market said that as far as sukuk is concerned, last year the Nasdaq Dubai received 16 issues, for a total value of 11.9 billion dollars, bringing the total value of the listed sukuks. to $ 79.4 billion by the end of 2021.

Hamid Ali pointed out that the new quotes have been issued by leading sovereign and commercial issuers, including: the UAE federal government represented by the Ministry of Finance, the government of Indonesia, the China Construction Bank, the Islamic Development Bank and the Government of Maldives, which is the best proof of the confidence of issuers of sukuk and bonds on a regional and global level, in terms of stock exchange regulations, advanced infrastructure and world-class services.

The last listing Nasdaq Dubai saw last year was the $ 250 million Warba Bank of Kuwait listing. in sukuk, the bank’s third listing on Nasdaq Dubai, after it had listed $ 250 million in sukuk in March 2017. $ 500 million in October 2019. Thus, the present value of the bank’s sukuk listed on Nasdaq Dubai increased to $ 898 million, bringing the total value of the sukuk listed on Dubai’s financial markets to $ 79.4 billions, consolidating its position among the major instrument listing centers worldwide.

Nasdaq Dubai has a sophisticated listing environment, world-class regulatory rules and integrated services, which give the issuance a prominent presence and strong investor links in the region and around the world, while the continued increase in the volume and value of issuances confirms the confidence of issuers in the excellence of the capital market structure and in its superior ability to keep pace with the needs of different institutions in the best possible way.

Read More About: Business News