Middle East Economic Survey

VOL. XLIX

No 6

6-February-2006

UAE

Worlds Largest Sukuk Listed On DIFX

Dubais Ports, Customs and Free Zone Corporations (PCFC) Sukuk, which at $3.5bn is the worlds largest Shari'a compliant bond, has been listed on the Dubai International Financial Exchange (DIFX). This represents the DIFXs first sukuk listing and debt and equity securities of similar importance are expected to follow in the coming months, said Steffen Schubert, the DIFXs Chief Executive Officer. PCFC...