Nasdaq Dubai, the region’s leading international financial exchange, has announced the listing of a USD 500 million Sukuk issued by Binghatti Holding, one of Dubai’s prominent property development companies.
The Sukuk, issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, will mature in 2030 and received exceptional investor interest, being oversubscribed five times with total orders exceeding USD 2.5 billion from both regional and global investors. Reflecting this robust demand, the issuance was priced at a competitive profit rate of 8.125%, significantly tightening from initial guidance.
To commemorate the listing, Muhammad BinGhatti, Chairman of Binghatti Holding, rang the market opening bell at Nasdaq Dubai, joined by Hamed Ali, CEO of Nasdaq Dubai and the Dubai Financial Market (DFM). The Sukuk is also listed on the London Stock Exchange, expanding Binghatti’s international investor reach.
Muhammad BinGhatti, Chairman of Binghatti Holding, 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, added: “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.”
With this latest issuance, Binghatti Holding’s total Sukuk listings on Nasdaq Dubai now stand at USD 1 billion, demonstrating the company’s continued confidence in the exchange as a preferred venue for capital market activity.
Nasdaq Dubai further strengthens its position as a global hub for Islamic finance, with total Sukuk listings reaching USD 98.6 billion across 108 listings, reaffirming its role as one of the world’s leading centres for Sukuk.