Emirates Airlines lists $913 million sukuk on Nasdaq Dubai
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HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman of Emirates Group, rang the market-opening bell on Wednesday to celebrate the listing of a $913 million Sukuk by Emirates Airline on Nasdaq Dubai.
The listing brings the total value of sukuk listed on Dubai’s exchanges to $34.96 billion, reinforcing Dubai’s position as an international centre for sukuk activity and underlining its growth as the global capital of the Islamic economy.
Sheikh Ahmed said: “As Emirates continues to strengthen its global network and fleet, Nasdaq Dubai’s exceptional links to international and regional investors provide us with an effective platform to support our aircraft financing initiatives.
Its stature as the international exchange serving our home region, operating to high regulatory standards, makes Nasdaq Dubai an ideal listing venue for Emirates.”
He added: “This transaction set many new milestones including being the first time that a sukuk has been used to finance and pre-fund the acquisition of our A380 aircraft. We are pleased with the tremendous response and confidence that investors have in Emirates, and will continue our strategy to maintain a diverse portfolio of financing sources.”.
Emirates Airline’s $913 million sukuk listed on Nasdaq Dubai on April 1, 2015. It follows the airline’s listing of $1 billion sukuk on the exchange on March 20, 2013.
The listing brings the total value of sukuk listed on Dubai’s exchanges to $34.96 billion, reinforcing Dubai’s position as an international centre for sukuk activity and underlining its growth as the global capital of the Islamic economy.
Sheikh Ahmed said: “As Emirates continues to strengthen its global network and fleet, Nasdaq Dubai’s exceptional links to international and regional investors provide us with an effective platform to support our aircraft financing initiatives.
Its stature as the international exchange serving our home region, operating to high regulatory standards, makes Nasdaq Dubai an ideal listing venue for Emirates.”
He added: “This transaction set many new milestones including being the first time that a sukuk has been used to finance and pre-fund the acquisition of our A380 aircraft. We are pleased with the tremendous response and confidence that investors have in Emirates, and will continue our strategy to maintain a diverse portfolio of financing sources.”.
Emirates Airline’s $913 million sukuk listed on Nasdaq Dubai on April 1, 2015. It follows the airline’s listing of $1 billion sukuk on the exchange on March 20, 2013.
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