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NASDAQ Dubai lures Gulf Finance House for sukuk issuance

: Tuesday, August 12 - 2014 @ 18:12

The FTSE NASDAQ Dubai UAE 20 Index added 0.10 per cent to reach 4,374.15 points on Tuesday, August 12. The shares of DP World closed flat at $20. Emirates REIT lost 1.40 per cent to end at $1.44.

Earlier in the day, the only international financial market in the Middle East revealed that it signed a memorandum of understanding with Bahrain’s biggest Islamic investment bank Gulf Finance House, known as GFH. GFH plans to list a sukuk with a nominal value of $200million at the exchange.

Gérard Al-Fil

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Tuesday, August 12- 2014 @ 18:12 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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