Wednesday 15, March 2017 by Nabilah Annuar

Warba Tier 1 Sukuk commences trading on Nasdaq Dubai

Nasdaq Dubai Market in a statement has announced the trading of  Warba Tier 1 Sukuk effective 15 March 2017.

Warba Tier 1 Sukuk is a perpetual Sukuk worth $250 million denominated in $200,000 and integral multiples of $1,000 thereafter. It trades with the symbol ‘WARBAPRPUSD’, at a coupon rate of 6.5% and has a semi-annual periodic distribution dates namely, 14 March and 14 September.

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