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The UAE Ministry of Finance announced on 2 October that its second five-year Sovereign Retail T-Sukuk had been listed on Nasdaq Dubai and secondary-market trading had begun. Subscription orders reached AED 285 million, around 5.7 times the AED 50 million target issuance.
Applications of AED 10,000 or less accounted for 75 percent of subscriptions; UAE nationals represented 69 percent of demand, and investors from 110 nationalities participated. The sukuk distributes profit semi-annually and has a minimum investment of AED 1,000.