Finance World Magazine| Edition: October 2024
This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East." Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE. In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.
This month, we are pleased to present the October edition of Finance World Magazine, focusing on "Embracing the Future of Investment in the Middle East."
Our cover story features Eng. Yaser Al Nuaimi, Acting Head of Infrastructure Partnerships at the Abu Dhabi Investment Office, highlights how the Public-Private Partnerships initiative is reshaping the investment landscape of the UAE.
In this issue, we explore the integration of AI and personal finance, Dubai's strategic vision for FinTech and advancements made in the healthcare sector, followed by a special feature on "Finance in 2040" - a captivating time capsule of financial predictions.
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Arada<br />
Source: Supplied<br />
Arada secures significant Sukuk tap, boosting total issuance amid Global Demand.<br />
Arada Successfully<br />
Concludes $150 Million<br />
tap of Existing $400<br />
Million Sukuk Issuance<br />
Arada taps global markets, raising million<br />
dollars in oversubscribed Sukuk issuance.<br />
Arada, a prominent UAE-based master<br />
developer, has successfully concluded a<br />
$150 million tap of its existing $400 million<br />
Sukuk issuance. This strategic move,<br />
part of a $1 billion Sukuk programme<br />
launched in June, has propelled the total<br />
issuance to $550 million. The tap, priced<br />
at $102.54 with a yield of 7.35%, garnered<br />
significant global interest, resulting in a<br />
3.2 times oversubscription. This financial<br />
milestone underscores Arada’s robust market<br />
position and investor confidence in<br />
its growth trajectory. The success of this<br />
Sukuk tap further highlights the strength<br />
of the UAE’s real estate sector, where<br />
innovative financing mechanisms like<br />
Sukuk are increasingly playing a pivotal<br />
role in driving large-scale developments.<br />
36 www.thefinanceworld.com Oct <strong>2024</strong>
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