UAE Doubles Retail T-Sukuk To Dh100 Million After Dh445 Million In Orders
A Dh445 million order book pushed the UAE to double its sovereign retail T-sukuk offering to Dh100 million, the Ministry of Finance said. The Nasdaq Dubai listing opens a government-backed securities programme previously aimed at institutions to individual investors.
Ministry Of Finance Doubles The Retail T-Sukuk Size
A Dh445 million ($121 million) order book pushed the UAE to double its sovereign retail T-sukuk offering to Dh100 million, the Ministry of Finance said.
The ministry said the initial Dh50 million issuance was oversubscribed nearly nine times.
The securities began trading on the secondary market on Nasdaq Dubai on Thursday.
The listing gives individual investors direct access to a government-backed fixed-income instrument on a regulated exchange.
The ministry described the programme as the first UAE sovereign T-sukuk programme designed specifically for retail investors.
Mohamed Al Hussaini, Minister of State for Financial Affairs, said the listing reflected the ministry's plan to strengthen domestic capital markets, diversify sovereign funding sources and provide secure investment options.
Subscriber Data Shows Retail Demand
The Ministry of Finance said retail investors accounted for 76 per cent of the subscriber base, while Emiratis made up 72 per cent of subscribers.
Ministry issuance data also said investors under 25 and women together represented 45 per cent of subscribers.
The ministry said those figures supported its financial-inclusion objective.
The retail route opens UAE government securities to individual investors after earlier access was limited to institutions, The National reported.
Nasdaq Dubai and Dubai Financial Market chief executive Hamed Ali said the programme lowers the barrier to entry for government-backed fixed-income investments and brings the asset class to a transparent, regulated marketplace.
Retail Route Differs From Fractional Sukuk
The National reported that the new retail T-sukuk programme is distinct from the fractional T-sukuk and bonds initiative launched in November.
The National reported that the earlier fractional programme allowed investors to buy fractional interests in existing sukuk traded at market prices, with a minimum investment of Dh4,000.
The new programme instead supplies dedicated sovereign retail securities through Nasdaq Dubai.
The source of the securities and the investment procedure differ from the earlier fractional route.
The Ministry of Finance said the programme forms part of wider efforts to expand participation in government-backed investment instruments and promote long-term saving and investment.
Fees And Future Issuance Remain Unnamed
The Ministry of Finance named the order book, final issue size, subscriber mix and listing venue.
The public record still lacks the next issuance date, investor fees, expected trading volumes, yield details beyond the public programme terms, or whether future retail T-sukuk tranches will remain at Dh100 million.
