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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Nasdaq Dubai delists Investment Dar Sukuk

Posted on 27 March 2012

Investment Dar had its Islamic bonds delisted from Nasdaq Dubai because the Kuwait-based owner of half of Aston Martin Lagonda Ltd. didn’t comply with the regulator’s disclosure requirements.
“The delisting of TID Global Sukuk 1 Ltd. from the official list is due to the failure of the TID Global Sukuk 1 Ltd., the Investment Dar Co., to comply with its continuous disclosure obligations under the Markets Law 2004 and Offered Securities Rules,” according to a statement on the Nasdaq Dubai website………………………………………..Full Article: Source

 
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