Latest Threads

Nasdaq Dubai has announced the listing of three Sukuk issuances by the Republic of Indonesia, totaling USD 2.75 billion. This development enhances Indonesia's prominence as a major Sukuk issuer on the exchange, with its total listed Sukuk reaching USD 24.6 billion. The listings are part of Indonesia's USD 45 billion Trust Certificate Issuance Programme, marking the fourth time in 2024 that Indonesia has accessed the USD debt capital market. The new Sukuk tranches include USD 1.1 billion due in 2030, USD 900 million due in 2034, and USD 750 million due in 2054. These listings contribute to Dubai's status as the global leader for Sukuk listings, with a total of USD 98.9 billion. The occasion was marked by a market opening ceremony attended by Indonesian and Nasdaq Dubai officials. The Indonesian Ambassador to the UAE highlighted the significance of these issuances, noting strong investor interest and confidence in Indonesia's economic fundamentals.

Mashreq Bank PJSC held a Board of Directors meeting on December 12, 2024, at 11:00 am. The meeting covered and approved the following agenda items: the minutes from the previous meeting on October 29, 2024, the scheduling of the Annual General Meeting for February 27, 2025, pending necessary approvals, and various other topics related to the bank's business and activities. The communication was signed by Shaima Al Obeidli, the Group Company Secretary, and a copy was sent to the Securities & Commodities Authority.

Dubai Refreshment PJSC has announced that its CEO, Mr. Tarek Elsakka, will retire after 17 years with the company. Mr. Mahmoud El Meligy, the current COO, will succeed him as CEO effective January 1, 2025. Mr. El Meligy, who joined the company in 2012 and became COO in 2017, has a 27-year career in the soft drinks industry, with experience in several countries. The Board of Directors thanked Mr. Elsakka for his service and expressed confidence in Mr. El Meligy's ability to lead the company to continued growth.

The Board of Directors of Dubai Refreshment PJSC held a meeting on December 11, 2024, at their company premises and via online video technology. During the meeting, CEO Mr. Tarek Elsakka announced his intention to retire after over 17 years in his role. The board appointed Mr. Mahmoud El-Meligy, the Operations Director, as the new CEO effective January 1, 2025. Additionally, several internal company matters were discussed, and appropriate decisions were made. A separate statement regarding the CEO transition will be issued.