Dubai Financial Market PJSC

Dubai Financial Market PJSC

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Nasdaq Dubai Soars with $8 Billion Q1 Listings

Summary

Nasdaq Dubai recorded 18 fixed income listings in Q1 2026, raising over $8 billion, with a diverse issuer base and significant contributions from UAE and international issuers.
Q1 2026 sees Nasdaq Dubai achieving remarkable milestones with $8 billion raised through fixed income listings.

In a significant development for the global financial markets, Nasdaq Dubai has reported an impressive performance in the first quarter of 2026. With 18 fixed income listings raising over USD 8 billion, the exchange has demonstrated its robust capacity to attract a diverse range of issuers and investors. This achievement brings the total outstanding debt listings to a staggering USD 149 billion, comprising USD 105 billion in Sukuk and USD 44 billion in bonds.

Nasdaq Dubai's strong momentum is underscored by the diversity of its issuer base. During Q1 2026, UAE issuers accounted for 67% of the listings, while international issuers made up the remaining 33%. This diverse participation highlights the exchange's global appeal and its strategic position as a leading venue for Sukuk listings.

The quarter's activity was marked by significant contributions from various sectors, including financial institutions, supranationals, and corporates. Notably, banks such as Emirates NBD issued in Green, Blue, and digitally native formats, while Mashreq accessed Additional Tier 1 (AT1) capital. Meanwhile, the New Development Bank and The Arab Energy Fund (TAEF) supported funding activities linked to the regional energy sector.

In the corporate sector, issuances from Dubai Aerospace Enterprise (DAE), United Terra Enterprises, and real estate developers like Binghatti and OMNIYAT reflect the continued access to capital across key sectors of the regional economy. The New Development Bank's USD 2 billion debut issuance was a standout event, reinforcing Nasdaq Dubai's appeal to both regional and international issuers.

Moreover, the UAE Federal Government's Treasury Sukuk and Bond programmes progressed through both new and tap transactions, contributing to the development of the UAE's dirham-denominated yield curve. This strategic move is expected to enhance the market's depth and liquidity, further solidifying Nasdaq Dubai's position in the global financial landscape.

Given the strong performance and strategic initiatives in place, investors may consider holding their positions in Dubai Financial Market PJSC. The company is well-positioned to benefit from the sustained momentum in the fixed income market and the growing interest from diverse issuers.

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