$500 Million Sukuk from Binghatti Holding Successfully Listed on Nasdaq Dubai

Binghatti Holding, a property developer based in Dubai, celebrated the listing of a $500 million Sukuk on Nasdaq Dubai, the region's premier international financial exchange.

This event underscores Binghatti Holding's significant milestone in its expansion story, attracting substantial interest from both regional and international investors.

The Sukuk, which is due in 2030, falls under Binghatti's $1.5 billion Trust Certificate Issuance Programme and saw a fivefold oversubscription, with order books exceeding $2.5 billion. This overwhelming demand allowed the issuance to achieve a profit rate of 8.125%, a figure that notably narrows from the initial guidance provided.

Muhammad BinGhatti, Chairman of Binghatti Holding, stated, "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."

This event not only marks a pivotal moment for Binghatti but also reflects the growing global demand for Islamic finance instruments, further establishing Dubai as a key capital markets hub.

To commemorate the occasion, Muhammad BinGhatti rang the market opening bell at Nasdaq Dubai, with Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), in attendance.

The Sukuk is also listed on the London Stock Exchange, showcasing its international appeal. Hamed Ali commented, saying, "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 Binghatti Holding's total Sukuk listings on Nasdaq Dubai now reaching $1 billion, the company's confidence in the exchange is evident.

This latest addition further cements Nasdaq Dubai's position as a leading venue for Sukuk, boasting a total of 108 listings valued at $98.6 billion.

The exchange continues to play a crucial role in the global Islamic finance sector, attracting a wide array of investors and issuers from around the world.

This listing not only enhances Binghatti Holding's financial portfolio but also contributes to the growing prominence of Nasdaq Dubai as an international hub for Islamic finance.

It reflects the confidence investors have in Binghatti's vision and financial health, as well as the appeal of Dubai's capital markets to a global audience.

The exchange's commitment to offering a diverse platform for investors and the significant oversubscription rate demonstrates the strong demand and positive outlook for Islamic finance instruments globally.