Dubai Financial Market PJSC

Nasdaq Dubai has welcomed a USD 400 million Green Bond issuance from the Bank of China (Dubai Branch), one of China's major state-owned banks. The issuance, rated "A" by S&P Global Ratings and due in 2027, is part of the Bank of China’s USD 40 billion Medium Term Note Programme. The proceeds will be used to finance or refinance eligible green projects. This listing increases the total value of bonds listed on Nasdaq Dubai by the Bank of China to USD 1.47 billion and boosts Nasdaq Dubai's ESG-related issuances to USD 30 billion, with the total value of listed bonds reaching USD 41 billion. The Consul General of China in Dubai highlighted the strong financial cooperation between China and the UAE, emphasizing the bond's role in supporting sustainable development and the COP28 "UAE Consensus." The General Manager of Bank of China (Dubai Branch) stated that the proceeds will fund renewable energy and clean transportation projects in the UAE, reinforcing the bank’s commitment to green finance. Nasdaq Dubai's CEO welcomed the listing, underscoring Dubai's status as a key hub for international issuers.

The Dubai Financial Market (DFM) released a weekly summary for Regulated Short Sell (RSS) transactions for the period from September 2, 2024, to September 6, 2024. During this period, EMAAR Properties PJSC had a short sell trade volume of 2,045 and a trade value of AED 17,711.95. For more details on RSS, refer to the DFM Market Rules and the Operational Model and Procedures for Implementation of Regulated Short Selling available on the DFM website. The announcement is also accessible on the DFM website. The information provided is subject to change and is offered "as is" without liability for any potential losses.

Nasdaq Dubai has listed USD 400 million Floating Rate Notes issued by the Agricultural Bank of China (DIFC Branch), due in 2027. This is the bank's second bond listing on Nasdaq Dubai, reflecting deepening economic ties between China and the UAE. The issuance is part of a USD 15 billion Medium Term Note Programme and enhances Nasdaq Dubai’s fixed income portfolio, which now totals USD 135 billion in outstanding listings. The listing was celebrated with a bell-ringing ceremony attended by notable officials including H.E. Ou Boqian, Consul General of China in Dubai, and Hamed Ali, CEO of Nasdaq Dubai and DFM. The Agricultural Bank of China has been strategically expanding in the UAE to support projects aligned with the Belt and Road Initiative, contributing to sectors like solar power, seawater desalination, and clean energy. The new bond issuance is expected to boost financial and business cooperation in the Middle East and North Africa region.