Thursday 14, July 2016

Dubai – MENA Herald: Mr. Hussain Al Qemzi, CEO, Noor Bank, yesterday rang Nasdaq Dubai’s market-opening bell to celebrate the listing of Noor Bank’s US$500 million Perpetual Tier 1 capital issuance. The listing has been acknowledged with a prominent congratulatory message displayed on Nasdaq Tower in New York.

The Sukuk is Noor Bank’s debut perpetual Tier 1 capital issuance and is the first perpetual Tier 1 issuance from the UAE in 2016. The issuance received strong investor interest, with an order book in excess of US$1.2 billion, from across the Middle East, Asia and Europe.