emirates7 - Dubai International Financial Centre (DIFC) announced today the full and timely repayment of a US$700 million Sukuk, marking an important achievement in its sustainable financing efforts and dedication to prudent financial management.
This repayment underscores DIFC's strong financial position and the success of its rigorous financial strategies, which optimize the Centre’s debt and financing structure. These strategies focus on minimizing borrowing costs, lowering refinancing risks, enhancing cash flow from core operations, and ensuring financial stability over the medium to long term.
Essa Kazim, Governor of DIFC, stated, “DIFC has completed the scheduled repayment of its 2014 Sukuk, highlighting our financial strength. In the past decade, we have invested significantly in high-quality commercial infrastructure, establishing DIFC as the region’s leading business and finance hub. We are continuing to expand our real estate portfolio to accommodate growing demand from companies seeking to establish or expand in the city.”
The Sukuk was originally issued by DIFC Investments to finance the Centre’s expansion, including the development of real estate infrastructure and the Gate Avenue retail attraction. Throughout its projects, DIFC maintained disciplined spending, diversified its revenue sources, and optimized financial instruments to support growth.
This repayment underscores DIFC's strong financial position and the success of its rigorous financial strategies, which optimize the Centre’s debt and financing structure. These strategies focus on minimizing borrowing costs, lowering refinancing risks, enhancing cash flow from core operations, and ensuring financial stability over the medium to long term.
Essa Kazim, Governor of DIFC, stated, “DIFC has completed the scheduled repayment of its 2014 Sukuk, highlighting our financial strength. In the past decade, we have invested significantly in high-quality commercial infrastructure, establishing DIFC as the region’s leading business and finance hub. We are continuing to expand our real estate portfolio to accommodate growing demand from companies seeking to establish or expand in the city.”
The Sukuk was originally issued by DIFC Investments to finance the Centre’s expansion, including the development of real estate infrastructure and the Gate Avenue retail attraction. Throughout its projects, DIFC maintained disciplined spending, diversified its revenue sources, and optimized financial instruments to support growth.