Emirates National Bank of Dubai (EMIRATESNBD) has announced, today Sunday, May 17th, the inclusion of bonds in NASDAQ Dubai, with a total value of up to 951 million US $.
The "Bank" said in a press statement "Mubasher" received a copy of it: that the processes of raising capital, one of them worth 550 million euros (601 million US dollars), and the second value is of 350 million US $, reflecting the continued expansion of Emirates National Bank of Dubai as a leading financial institution in the area.
The "statement" pointed to that: The Emirates National Bank of Dubai Group is the largest source of bonds in the capital markets in Dubai, as it included eight operations with a total nominal value of 4.78 billion US dollars.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates National Bank of Dubai said: "In the context of the pursuit of Emirates National Bank of Dubai to expand its banking and financial activities in the United Arab Emirates and the world, we see that NASDAQ is the ideal destination that supports our efforts. The strong ties that bind investors in the stock market all over the world, in addition to high-level regulatory standards, provide an inclusion environment characterized by reliability and effectiveness. "
For his part, Essa Kazim, Governor of the Dubai International Financial Centre, and Chairman of the Dubai Financial Market, said: "The recent inclusion operations carried out by the Emirates National Bank of Dubai, confirm Dubai's role as a privileged capital markets which allows inclusion operations of various foreign currencies, and contribute to the achievement of attendance and spreading around the world. Dubai stock exchanges will continue to strengthen its procedures, as part of its work to meet the needs of dealers in the market. "
In his turn, Abdul Wahid Al Fahim, Chairman of NASDAQ Dubai, said: " NASDAQ Dubai, the global stock market in the region, keens to support economic growth and wealth creation in the region, and it is striving to achieve those goals by facilitating the collection of capital by many issuers of the private and public sectors that play an active role in growing sectors. "
Hesham Abdullah Al Qassim, Vice Chairman of the National Emirates Bank Dubai said: "Cooperation between Emirates Bank NBD and Nasdaq Dubai offers strong support for the growth of capital markets in the UAE. Also infrastructures which are provided by the stock market which, in addition to strong relations with investors make it the Ideal platform for Emirates NBD and other issuers to offer their securities. "
For his part, Shayne Nelson, executive chief of the bank said: "In the Emirates NBD we continue to diversify our funding sources by issuing debt securities in a wide range of currencies".
The total nominal value of conventional bonds listed on NASDAQ Dubai currently reaches up to 8.77 billion US dollars, taking into account the nominal value of the processes of the last two inclusions of Emirates NBD, valued at 550 million euros or 350 million US dollars which has been included in the March 24 and May 7, 2015.