By Staff Writer
Binghatti Holding lists $500m Sukuk on Nasdaq Dubai, also listed on the London Stock Exchange.
The Sukuk was oversubscribed 5x, attracting $2.5bn in investor orders.
Binghatti’s total Sukuk on Nasdaq Dubai reaches $1bn, reinforcing Dubai’s position as a hub for Islamic finance.
Nasdaq Dubai has today welcomed the listing of a USD 500 million Sukuk by Binghatti Holding, one of Dubai’s leading property developers. The issuance, part of Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, will mature in 2030.
The Sukuk attracted more than USD 2.5 billion in orders, reflecting strong confidence from both regional and international investors. This high demand led to the issuance being priced at a profit rate of 8.125%, tighter than initial guidance.
To celebrate the milestone, Muhammad BinGhatti, Chairman of Binghatti Holding, rang the market-opening bell at Nasdaq Dubai, joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). The listing further cements Binghatti’s growing presence in global capital markets.
Muhammad BinGhatti said:
“The successful listing of our USD 500 million Sukuk on Nasdaq Dubai marks another important milestone in Binghatti’s growth journey. The strong demand for our latest sukuk underscores the confidence that regional and international investors place in our financial strength and vision.”
Hamed Ali, CEO of Nasdaq Dubai and DFM, commented:
“We are pleased to welcome Binghatti’s latest Sukuk listing on Nasdaq Dubai, which highlights the sustained global demand for Islamic finance instruments and the strong appeal of Dubai as a capital markets hub. At Nasdaq Dubai, we remain committed to providing the issuers with a platform to connect with a diverse investor base.”
Binghatti’s total Sukuk on Nasdaq Dubai now stands at USD 1 billion with this listing. Meanwhile, the exchange itself has reached a combined total of USD $98.6 billion in Sukuk listings across 108 issues, strengthening its reputation as one of the world’s leading Islamic finance venues.
