Ras Al Khaimah government is luring billion dollars in Nasdak Dubai

The Nasdaq Dubai Stock Exchange welcomed the inclusion of billion dollars issued by the Ras Al Khaimah government, through the Investment and Development Office of the Ras Al Khaimah Government.

A statement stated that these sukuk is considered an unsuccessful priority, with a maturity of 10 years, and at a profit rate equivalent to 5.038%, and it was issued on the fifth of March 2025.

This version due in 2035 comes within the framework of the confidence certificates version program for the Ras Al Khaimah government with a value of two billion dollars from the “Rak Capital” office, a company with a special purpose of the Ras Al Khaimah government, while the revenue revenue is scheduled to support economic growth plans and develop infrastructure in the Emirate of Ras Al Khaimah.

The Board of Directors of the Investment and Development Office of the Ras Al Khaimah Government, Muhammad Sultan Al -Qadi, who knocked the opening of the trading session, on behalf of the Ras Al Khaimah government: “The issuance of these sukuk reflects the wise financial management of the Emirate of Ras Al Khaimah and our commitment to economic growth in the long term, while the great demand by investors is an indication of the strength of our economic basics, and also provides us with the inclusion in (Nasdak Dubai) A transparent and organized platform to communicate with global investors. ”

For his part, the CEO of the NASDAC Dubai and Dubai Financial Market, Hamid Ali, said: “We are pleased to welcome the inclusion of the new Ras Al Khaimah government instruments worth a billion dollars on the Nasdaq Dubai Stock Exchange, where this listing reflects the great demand from investors and their increasing interest in the sovereign debt tools.”