Press releases, Reports & Disclosures for Dubai Financial Market PJSC

Nasdaq Dubai has listed a USD 400 million Sukuk issued by UAE-based master developer Arada Developments LLC. This is Arada's second listing on Nasdaq Dubai and the first under their new USD 1 billion Sukuk program. The five-year fixed-rate Sukuk saw strong demand, being oversubscribed by 3.5 times, with interest from investors across Europe, the Middle East, and Asia, including institutional investors, fund managers, high-net-worth individuals, and banks. This listing enhances Dubai’s reputation as a global hub for Sukuk listings, contributing to the total value of USD 93 billion in Sukuk issuances and USD 129 billion in listed bonds and Sukuk on Nasdaq Dubai. To celebrate the listing, Arada's Group CEO Ahmed Alkhoshaibi and Nasdaq Dubai CEO Hamed Ali participated in a market-opening ceremony. Both expressed satisfaction with the strong investor interest and the growing confidence in the UAE's Islamic finance market.

Shuaa Capital PSC, headquartered at "The H Hotel" Office Tower, 15th floor, Office No. 1502, Dubai, UAE, is a licensed financial investment company regulated by the Securities and Commodities Authority under license number 630307 and commercial license number 200219. The company has invited its shareholders to attend the annual general meeting on Friday, June 28, 2024, at 10:00 AM at its headquarters on the 32nd floor of Al Khatem Tower, Al Maryah Island, Abu Dhabi. Shareholders can also attend remotely via electronic participation. The agenda includes reviewing and approving the Board of Directors' report, the auditor's report, the company's financial statements for the year ending December 31, 2023, and the proposal not to distribute cash dividends for the same financial year.

On June 24, 2024, Dr. Maryam Buti Al Suwaidi, CEO of the Securities and Commodities Authority, addressed a letter to Hamed Ahmed Ali, CEO of Dubai Financial Market (DFM). The letter concerns a supplementary disclosure by DFM regarding the passing of a Board of Directors' resolution by circulation. It informs that the Board is still considering a resolution regarding an internal matter, which is currently under study. The letter is signed by Ali Amer Al-Hashimi, Chief Financial Officer of DFM.