DP World Raises $2.3Bln, Rings Nasdaq Bell
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of the global port operator DP World, rang the market-opening bell at Nasdaq Dubai to mark the listings of two sukuks (Arabic name for financial certificates) and two conventional bonds worth $2.3 billion.DP World will use the capital raised for debt refinancing and to fund growth opportunities.The listings, carried out during 2019, comprise two Sukuk of one billion US dollars and 500 million US dollars, and two conventional bonds of 500 million US dollars and 300 million US dollars.Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “Our debt issuances this year were well received in the market by a wide variety of investors in the region and around the world…
Dubai Maritime Cluster Introduced to Ship Owners
Dubai Maritime City's facility & services were introduced at a specially convened Ship Owner’s meeting at The Capital Club at the Dubai International Financial Centre. The recent meeting was attended by Khamis Juma Buamim, Chairman of Drydocks World and Maritime World, Nikolas Veniamis, President of Hellenic Shipping Association, Greece and also the Owner & Chairman of Golden Union Shipping in Greece, Vinod Shah from ADANI Group, Gujarat India, Robert Murhead, CEO of Mur Shipping and Tahir Lakhani, Chairman, DTA Ship Trading LLC. and Ali Lakhani, Managing Director – DTA Ship Trading.
