DIFC Marks Major Milestone with Full Redemption of USD 700 Million Sukuk

Dubai International Financial Centre (DIFC), the premier global financial hub for the Middle East, Africa, and South Asia (MEASA), has successfully completed the full redemption and on-schedule repayment of its USD 700 million sukuk.

This achievement highlights the Centre’s commitment to sustainable financing and responsible financial management.

The sukuk repayment demonstrates DIFC’s financial resilience and robust policies that optimize its debt and financing portfolio. These policies have played a key role in reducing borrowing costs, minimizing refinancing risks, and ensuring long-term financial stability through strong cash generation from core activities.

His Excellency Essa Kazim, Governor of DIFC, emphasized the significance of the repayment:

“DIFC has fully repaid its 2014 sukuk on schedule, reflecting our financial strength. Over the past decade, we’ve invested in high-quality commercial infrastructure, positioning DIFC as the region’s top destination for business and finance. We remain focused on enhancing our real estate offerings to meet the increasing demand from companies expanding in Dubai.”

The sukuk was initially issued through DIFC Investments to fund the Centre's infrastructure expansion, including the development of the prominent Gate Avenue retail space. Throughout the process, DIFC has maintained careful fiscal discipline, ensuring rational spending on projects, diversification of revenue streams, and effective use of financial instruments.

This successful sukuk redemption reinforces DIFC’s status as a financially stable and attractive destination for businesses and investors in the region.

News Source: Dubai Media Office