Today, the Dubai International Financial Center announced the full repayment of outstanding sukuks worth $700 million on schedule, which represents an important achievement in implementing its sustainable financing strategy and based on its full commitment to pursuing responsible financial management.
The repayment of the sukuks confirms the Center’s financial strength and is a result of its adoption of responsible financial policies that enhance the efficiency of its debt and financing portfolio.
These financial policies work to reduce borrowing costs, mitigate refinancing risks, focus on achieving cash liquidity from basic activities, and ensure financial stability in the medium and long term.
His Excellency Issa Kazim, Governor of the Dubai International Financial Centre, said that the Centre’s repayment of all of the sukuks it issued in 2014 on the date specified for their maturity represents a reflection of the strength of its financial system. Over the past ten years, its financial policy has focused its priorities on supporting infrastructure investment plans. High quality commercial.
DIFC Investments Limited was responsible for issuing the sukuk to finance the centre’s expansion plans through real estate infrastructure and the development of its new retail destination, Gate Avenue.
The Dubai International Financial Center has maintained rational spending on all its new projects and developments, strengthened and diversified its revenue sources, and improved the use of financial instruments.
Follow our latest local and sports news and the latest political and economic developments via Google news