Dubai International Financial Centre (DIFC) has announced the full and timely repayment of its $700 million Sukuk, marking a key achievement in its sustainable financing strategy and commitment to responsible financial management.
This repayment underscores DIFC’s financial strength, supported by effective financial policies that streamline the Centre’s debt and financing portfolio.
Essa Kazim, Governor of DIFC, said, “DIFC has fully repaid its 2014 Sukuk on schedule which reflects our financial strength. Over the past ten years, we have invested in high-quality commercial infrastructure, and this has helped position DIFC as the region’s preferred centre for business and finance.
“We continue to develop our real estate offering to meet high levels of demand from companies looking to establish or grow their presence in the city.”
The Sukuk was raised by DIFC Investments to fund the Centre’s expansion, including real estate infrastructure and the development of the new retail attraction, Gate Avenue. DIFC has maintained prudent spending on projects, diversified revenue streams and optimised financial instruments.
