Tuesday, 15 December 2009

Sukuk Disclosure - NasdaqDubai

NasdaqDubai asked all of the issuers of listed sukuks the following questions:

1. Is the Issuer aware of any Price Sensitive Information concerning the Sukuk that has not been disclosed to the market?
 

2. Is the Issuer aware of any other Price Sensitive Information concerning any of the following (if applicable)?
a. The Issuer itself;
b. Any guarantees;
c. Covenants;
d. Cross Defaults;
e. Any restructuring plans;
f. Coupon Payments or Principal Payments;
g. Credit Rating changes;
h. Exposure to debt of other Dubai-based entities; and
i. Any other matter of a material nature required to be disclosed under the OSRs or Listing Rules.
 

3. Please confirm that the Issuer is in compliance with the Listing Rules and, in particular, the continuous disclosure obligations under Listing Rule 28.1.

Now, as we all know the financial crisis in the Gulf is over, but if there are some skeptical souls still out there you can check here.

If nothing eslse, you might want to see if your sukuk issuer responded.  Since the questions are rather routine, that bit of info might be quite telling.

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