Maktoum bin Mohammed: The successful launch of the Islamic Treasury Sukuk auction further solidifies the UAE’s position as a global investment destination and one of the most competitive economies in the worldThe value of the first auction stands at AED1.
DUBAI, 10th May, 2023 (WAM) The UAE, represented by the Ministry of Finance (MoF), the issuer, in collaboration with the Central Bank of the UAE (CBUAE), the issuing and paying agent, has announced the results of the first auction of the dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a benchmark auction size of AED1.1 billion, which is part of the T-Sukuk issuance programme for 2023.The launch of the AED1.1 billion UAE T-Sukuk programme witnessed strong demand through its eight primary bank dealers, with bids worth.