Home UAE Dubai Warba Bank lists $250m sukuk on Nasdaq Dubai The total value of the Kuwaiti bank’s sukuk on the exchange stands at $898m by Varun Godinho December 29, 2021 Kuwait’s Warba Bank rang the market-opening bell to celebrate the listing of its $250m perpetual Tier-1 sukuk on Nasdaq Dubai on Tuesday. This is the third sukuk listing by Warba Bank on Nasdaq Dubai, following the listing of a $250m and a $500m instrument in March 2017 and October 2019 respectively. The new listing brings the total outstanding value of the bank’s sukuk on the exchange to $898m. The latest issuance was oversubscribed 4.4 times. “Our latest sukuk issuance witnessed significant success in attracting regional and international investors and is a clear testament on their confidence in Warba Bank’s expansion strategy in various business activities such as investment, treasury, corporate and retail banking,” said Shaheen H. Al-Ghanem, CEO of Warba Bank. Warba Bank, a leading #Kuwaiti Islamic Bank rings the bell to celebrate the listing of USD 250 million Sukuk on Nasdaq Dubai.This is the third #Sukuk listing by @WarbaBank on Nasdaq Dubai, priced at 4% and oversubscribed by 4.4 times. pic.twitter.com/HwgQDWvh7r — Nasdaq Dubai (@NasdaqDubai) December 28, 2021 “We are delighted to list this issuance on Nasdaq Dubai, leveraging on its world-class regulations, infrastructure and services that provide our Sukuk with a strong presence and links with regional and global investors. The listing also further strengthens the ties between the capital markets of Kuwait and the UAE,” noted Al-Ghanem. With Warba’s latest listing, the total value of sukuks on Nasdaq Dubai now stands at $79.4bn. “Nasdaq Dubai is pleased to welcome the new sukuk issuance from Warba Bank as part of its active role to support leading issuers from the UAE and beyond. The constant listings from leading regional and international financial institutions, such as Warba Bank, underscore their confidence in Nasdaq Dubai’s regulatory framework and its support infrastructure,” said Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). “We are committed to further expanding our services in line with the requirements of issuers and investors as well as to drive Dubai’s leading status as one of the largest global Sukuk listing centres to new heights.” Tags Dubai Economy finance Kuwait Nasdaq Dubai Sukuk Warba Bank 0 Comments You might also like Mashreq Metro Station gets new name; more details here Egypt’s central bank leaves overnight interest rates steady Scaling new heights: How AIX is redefining global investment opportunities UAE approves new AML, CFT national strategy for 2024-27