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

NASDAQ honours DEWA for successful Sukuk issuance

Posted on 22 April 2013

It is the largest corporate Islamic bond issued by the Emirate of Dubai since 2007. Several factors boosted demand for the Sukuk, most importantly the credit rating of BBB from Standard & Poor’s, which confirmed the rating reflects the strong financial and operational performance of DEWA, and its significant liquid assets, in the credit rating, said a media release
HE Saeed Mohammed Al Tayer, MD & CEO of DEWA received the award from a delegation from NASDAQ Dubai, which was led by Hamed Ali, Acting Chief Executive of NASDAQ Dubai, and included Craig Hewett, Senior Vice President and Head of Business Development, Philippe Chalu, Business Development Manager, attended by Nasser Abbas, Senior Director-Treasury at DEWA………………………………………..Full Article: Source

 
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