Noor Bank Rings Bell to Celebrate Nasdaq Dubai Listing of $500 Million Sukuk

Press release

Published May 21st, 2018 - 09:12 GMT

The listing marks Noor Bank’s third Sukuk on the region’s international exchange, following two listings in 2015 and 2016.

On 16 May, John Iossifidis, Chief Executive Officer, Noor Bank, rang Nasdaq Dubai’s market-opening bell to celebrate the listing of Noor Bank’s US$500 million Sukuk. The listing was acknowledged with a prominent congratulatory message displayed on Nasdaq Tower in Times Square, New York, United States of America.

The listing marks Noor Bank’s third Sukuk on the region’s international exchange, following two listings in 2015 and 2016. The issuance orders included US$1.07 billion from 50 bids across the Middle East, Asia and Europe.

Background Information

Noor Bank

Noor Bank (formerly Noor Islamic Bank) was established in January 2008, in Dubai - United Arab Emirates.

Among the youngest banks in the country, Noor Bank has achieved significant growth in the past 10 years. Today, in 2018, as we continue to grow, we are ranked the 11th largest bank in the UAE in terms of asset size.

Noor Bank is a full-service Shari’a-compliant bank, offering a comprehensive range of products and services - in corporate and personal banking, wealth management, Takaful (Islamic insurance), treasury and trading. We have a presence across the country, at multiple locations in Abu Dhabi, Dubai, Sharjah and Al Ain.