Nasdaq Dubai has welcomed the listing of a USD 500 million Sukuk by Binghatti Holding, marking a milestone for the Dubai-based property developer as it expands its presence in global capital markets.
The Sukuk, issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, matures in 2030 and drew strong demand, with orders exceeding USD 2.5 billion. Priced at a profit rate of 8.125%, the issuance tightened from initial guidance after being oversubscribed five times.
To celebrate the listing, Binghatti Chairman Muhammad BinGhatti rang the market opening bell alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market. The Sukuk is also listed on the London Stock Exchange.
With this latest issuance, Binghatti’s Sukuk listings on Nasdaq Dubai now total USD 1 billion. The exchange itself continues to strengthen its global position, with overall Sukuk listings reaching USD 98.6 billion across 108 instruments.
News Source: Dubai Media Office
