Latest Threads
Check out what has been happening in the community
Nasdaq Dubai has listed a USD 500 million Sukuk issued by Binghatti Holding, a Dubai-based property developer. This listing is part of Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme and is set to mature in 2030. The Sukuk was oversubscribed five times, attracting over USD 2.5 billion in orders from regional and international investors, leading to a profit rate of 8.125%. This marks Binghatti's total Sukuk listings on Nasdaq Dubai at USD 1 billion. The listing ceremony was attended by Muhammad BinGhatti, Chairman of Binghatti Holding, and Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market. The Sukuk is also listed on the London Stock Exchange. The total Sukuk listings on Nasdaq Dubai have reached USD 98.6 billion across 108 listings, highlighting its role as a global hub for Islamic finance.
Shuaa Capital PSC, a licensed financial investment company regulated by the Securities and Commodities Authority, has announced new appointments. Dominic Piotr has been appointed as Chief Risk Officer, Rami Al Banna as Head of Marketing and Investor Relations, and Anil Dixit as Head of Asset Management. The announcement was addressed to Hamid Ahmed Ali, CEO of the Dubai Financial Market, and signed by Islam Mahrous, Chief Compliance Officer. The company's headquarters are located in Dubai, United Arab Emirates.
Dubai Investments has partnered with Angola's Sovereign Wealth Fund (FSDEA) to develop large-scale real estate projects in Luanda Province, Angola. The agreement aims to promote modern urbanization and sustainable development, initially focusing on Cazanga Island. Key figures at the signing included Khalid Bin Kalban of Dubai Investments and Armando Manuel of FSDEA. Dubai Investments sees this as an opportunity to expand its international presence and apply its real estate expertise to Angola. The FSDEA will participate through a special purpose vehicle holding land rights, facilitating the transformation of land into sustainable communities. The collaboration is expected to create urban, residential, and tourism projects, enhancing Angola's urban and tourism potential.
Al Ramz Capital LLC, based in Dubai, UAE, has been appointed as a liquidity provider for Investcorp Capital PLC, an Abu Dhabi-listed alternative investment company. Starting from September 1, 2025, Al Ramz will independently trade ICAP shares following regulatory approvals. The role of a liquidity provider is to enhance share trading by improving the order book, reducing trading spreads, minimizing price volatility, and increasing trading volume, which helps reduce the illiquidity discount and align market value with intrinsic value. Al Ramz, a licensed market maker on the Abu Dhabi Securities Exchange, Dubai Financial Market, and Nasdaq Dubai, has over 25 years of experience in UAE capital markets. The company's CEO, Karim Schoeib, expressed satisfaction with the appointment, highlighting Al Ramz's commitment to maintaining high standards of governance and transparency. Al Ramz is recognized for its market-making services and has established itself as a leader in liquidity provision. Founded in 1998, Al Ramz is a public joint stock company listed on the Dubai Financial Market, offering a wide range of financial services.