From Arabianbusiness.com: Nakheel, the developer of palm-shaped islands off Dubai’s coast, has applied to the Nasdaq Dubai stock exchange to list a sukuk, or Islamic bond, said Ziad Makhzoumi, chief financial officer of contractor Arabtec Holding Co.
“In my understanding, Nakheel has already applied to Nasdaq Dubai to list the sukuk,” Makhzoumi told reporters at a conference in the UAE emirate of Ras al Khaimah on Monday. “We see the listing by year end but it’s not our decision.”………………………………………Full Article: Source