United Arab Emirates: Largest sukuk ever
Clifford Chance, Dubai |
January 01, 2007
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Clifford Chance
Address
Dubai
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+971 4 362 0444
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+971 4 362 0445
In December 2006, Dubai's Nakheel Development Ltd issued the largest sukuk to date. The $3.52 billion sukuk was listed on the Dubai International Financial Exchange and is the largest sukuk ever issued. The money raised will be applied towards a capital injection into Nakheel PJSC, the company responsible for landmark developments such as The Palm, Jumeirah, and The World.
Nakheel is a...
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