- Government of Dubai, through Dubai DOF Sukuk issued sukuk in two tranches under new Trust Certificate Issuance Program. Listed on both London Stock Exchange and Dubai Financial Market
- Both largest sovereign sukuk ever and largest international sukuk from the Middle East in 2009.
- Follow recent Tourism Development & Investment Company’s US$1.45bn sukuk trust certificate issuance program in the UAE,
- Allen & Overy advised Emirate of Abu Dhabi, Emirate of Ras Al Khaimah on their respective international capital markets issues earlier in 2009.
“This is a significant transaction for both the Emirate of Dubai and the international Islamic capital markets. An order book of approximately US$6.5bn underlines continued investor confidence in sovereign and sovereign-related issuers from the region.” Anzal Mohammed, Allen & Overy.
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