Binghatti Holding's $500 Million Sukuk Launches On London Stock Exchange

In a significant move marking its international growth, Binghatti Holding Ltd, real estate developer in the UAE, recently celebrated the successful listing of its $500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange. This event, highlighted by a ceremonial bell-ringing, underscores the company's ambition to engage with global markets.

The sukuk, a part of Binghatti Holding's $1.5 billion Trust Certificate Issuance Programme, witnessed a remarkable demand, being oversubscribed five times. This resulted in over $2.5 billion in orders from a diverse group of investors worldwide.

The 8.125% profit rate at which the issuance was priced indicates a strong vote of confidence from investors in Binghatti's solid financial health. The company boasts of a BB- rating from Fitch and a Ba3 rating from Moody's, both with a stable outlook.

Dr. Hussain BinGhatti, founder, along with Muhammad BinGhatti, the chairman, Katralnada BinGhatti, the chief executive officer, and other top executives, were present at the London Stock Exchange for the opening bell. This event not only celebrated the sukuk's listing but also its planned listing on Nasdaq Dubai, further expanding its visibility and accessibility to investors globally.

Muhammad BinGhatti stated, "The listing of our sukuk on the London Stock Exchange is a clear signal of Binghatti's commitment to engaging proactively with global investors and operating at the highest standards of transparency and governance. The landmark sukuk issuance enjoyed strong international demand, allowing us to close the books ahead of schedule and reinforcing market confidence in our credit profile, operational resilience, and growth strategy.

"As we scale our business and diversify our development portfolio, access to deep, liquid, and global capital markets is central to our financial strategy. Today's listing marks another important step in broadening our investor base and strengthening our global footprint."

CEO Katralnada BinGhatti noted, "Binghatti's sukuk programme reflects our commitment to diversifying the company's funding base, extending our maturity profile, and efficiently deploying capital to capture emerging opportunities. The five-times oversubscription and strong demand from institutional investors across Europe, Asia, and the Middle East signal a clear endorsement of our vertically integrated business model.

"With close to 50% of allocations going to non-GCC investors, we are pleased to see growing global recognition of Binghatti's unique positioning in Dubai's real estate sector. As we grow our portfolio and redefine luxury living in Dubai, we will continue to maintain prudent leverage and strong corporate governance."

The issuance's success is built on the foundation of Binghatti Holding's impressive performance in the first half of 2025. The company saw its net profit soar to AED 1.82 billion, a testament to the enduring demand within Dubai's real estate market. Total sales hit AED 8.8 billion, with revenue jumping 189% year-over-year to AED 6.3 billion.

Binghatti Holding has been proactive, launching seven new projects and completing five developments in the first half of the year alone. Over the last 18 months, the company has handed over 15 projects, showcasing its operational efficiency and market responsiveness.

Currently, Binghatti is working on approximately 20,000 units across 30 projects in prime locations of Dubai, including Downtown, Business Bay, Jumeirah Village Circle, and Meydan. These projects include flagship branded residences in partnership with luxury brands like Bugatti, Mercedes-Benz, and Jacob & Co, positioning Binghatti as a leading developer in Dubai with a revenue backlog of AED 12.5 billion and a development portfolio valued at over AED 70 billion.

Further bolstering its development pipeline, Binghatti recently acquired a 9 million sq. ft. megaplot in Nad Al Sheba 1. This site is slated for Binghatti's inaugural master-planned community, expected to have a development value exceeding AED 25 billion.