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Media in – Abu Dhabi 9 December 2018 /
Abu Dhabi Securities Exchange (ADSM) listed the first tranche of Sukuk Industries Co. Ltd. for US $ 300 million – AED 1.1 billion – jointly with the London Stock Exchange.
Abu Dhabi Securities Exchange (ADX) and General Holding Company (“Industries”) today opened the opening bell to welcome the listing of the first tranche of sukuk. This is the first joint listing of sukuk on the Abu Dhabi Securities Exchange with the London Stock Exchange.
Sukuk was priced at an annual profit rate of 4.76% for seven years, supported by Moody’s / A3 / Moody’s and A / from last week. The issue, listed on the Abu Dhabi Securities Exchange under the symbol ” XSSENAAT1225 “- an exceptional demand from more than 180 domestic and global investors, surpassing the coverage rate by almost 10 times.
Khalifa Al Mansouri, Chief Executive Officer of ADX, said: “This new listing reflects the leading investment environment offered by the Abu Dhabi Securities Exchange to listed companies and investors alike and affirms the correctness of the procedures adopted by the market to improve the performance of the market.
“This listing represents a new confirmation of Abu Dhabi Securities Market leadership and its superiority in the region’s capital markets as a preferred destination for listing because of the confidence and readiness to incorporate fixed income instruments and its adoption of an advanced settlement and clearing system, And provides investors with the opportunity to invest their savings within a legal environment that adopts the best international practices in the field of disclosure and transparency and a stable economic and legislative environment.
