Abu Dhabi Securities Exchange (ADX) has entered into a $ 500 million Sukuk for Investment Dar

Media iN – Abu Dhabi, Oct. 7 2018,

 Abu Dhabi Securities Market (ADSM) – the region’s leading financial market – has listed new Sukuks for Dar Al-Istithmar for US $ 500 million. Abu Dhabi Securities Exchange (ADX) and Aldar Properties pJSC (PJSC) opened the opening bell to welcome the listing of the first new Sukuk Sukuk Sukuk in the market. The Sukuk is priced at 4.75% for seven years and will be trading today under the symbol ALDARSUKUK2025. The issue saw an exceptional demand from investors, reflecting Aldar’s strong position as the highest rated non-government credit rating in the region. Aldar Investments is wholly owned by Aldar Properties and is also listed on the Abu Dhabi Securities Exchange. Rashid Al Baloushi, Chief Executive of Abu Dhabi Securities Exchange (ADX), said: “This joint listing is a new confirmation of the market leadership and excellence in the region’s securities markets due to the confidence and readiness to incorporate fixed income instruments and its adoption of an advanced settlement and clearing system. “ADX has established its position as a preferred destination for listing and trading in the region where the market has a world-class infrastructure for the listing and trading of diversified securities and gives investors the opportunity to invest their savings within a legal environment based on global best practices in disclosure and transparency and a stable economic and regulatory environment.”