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Nasdaq Dubai has announced the listing of a USD 1 billion Sukuk by the Government of Ras Al Khaimah, issued through its Investment and Development Office. The 10-year Sukuk, with a profit rate of 5.038%, is part of a USD 2 billion issuance program by RAK Capital and aims to support the region's economic growth and infrastructure development. The issuance attracted strong investor interest, with an orderbook surpassing USD 4.4 billion, indicating confidence in Ras Al Khaimah's economic stability. The listing was celebrated by Mr. Mohammed Sultan Al Qadi, Managing Director at the IDO, and Mr. Hamed Ali, CEO of Nasdaq Dubai and DFM. The listing enhances Nasdaq Dubai's position as a leading exchange for public fundraising, with government issuances comprising 62% of its listings. This addition brings the total value of Sukuk listed on Nasdaq Dubai to over USD 92.7 billion, reinforcing its status as a global hub for Islamic finance. The overall value of debt securities on the exchange now totals USD 136.2 billion across 157 issuances.

SHUAA Capital Bond 1 Limited announced the final results of its exchange offer for its $150,000,000 7.50% notes due on March 31, 2025. The offer invited eligible noteholders to exchange up to $75,000,000 of these notes for UAE Dirham-denominated mandatory convertible bonds issued by SHUAA Capital psc. The offer expired on February 28, 2025, and by that deadline, $76,133,000 in notes were tendered for exchange. The issuer decided to accept $74,733,000, subject to a pro rata scaling factor of 98.968%. The approval condition was satisfied on March 10, 2025, and the expected settlement date for the exchange, including the delivery of the new bonds, is March 18, 2025.

On Thursday, 13 March 2025, Dubai Refreshment PJSC held a General Assembly Meeting chaired by Mr. Ahmad Alserkal, the Chairman of the Board of Directors. The meeting took place at the company's headquarters in Dubai Investment Park 2 and was also accessible online. It started at 12:00 PM and concluded at 12:30 PM. The quorum for the meeting was 69.9192% of the total attendance, with 42.3358% attending personally and 27.5834% by proxy. Electronic voting accounted for 69.9192% of the attendance. During the meeting, the assembly approved the Board of Directors' report on the company's activities and financial position for the year ending 31 December 2024, the external auditors' report, and the company's balance sheet and profit and loss account for the same period.