Nasdaq Dubai Celebrates Arada's $450 Million Sukuk Listing Amid Strong Investor Demand

Nasdaq Dubai has added a new listing with a US$450 million Sukuk from Arada Developments LLC, a prominent master developer in the UAE. This issuance is part of Arada Sukuk 2 Limited’s US$1 billion Trust Certificate Issuance Programme and is set to mature in 2030. The offering was highly successful, being oversubscribed more than four times, drawing over US$2 billion in orders from both regional and international investors.

The Sukuk was priced at a profit rate of 7.150 percent, indicating robust investor interest. This listing enhances Arada's established presence in the debt capital markets. With this addition, Arada's total outstanding Sukuk on Nasdaq Dubai now amounts to US$1.5 billion across three transactions.

HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada, marked the occasion by ringing the market-opening bell at Nasdaq Dubai. Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), was present during the ceremony. Prince Khaled expressed his satisfaction with the listing, stating, "We are delighted to be returning to Nasdaq Dubai for the listing of our third Sukuk, which reflects the continued rise in international investor confidence in Arada."

Arada's recent expansion into two new markets and record achievements in launches, sales, and deliveries have driven significant global demand for their Sukuk programme. This success reinforces their status as one of the region’s fastest-growing master developers. The listing supports Arada’s strategic growth plans by enabling them to seize opportunities within the UAE and internationally.

Hamed Ali commented on Arada’s return to Nasdaq Dubai, saying it highlights the depth and diversity of their Sukuk market. He noted that strong investor demand reflects issuer confidence and broadens opportunities for their global investor base. "As the region’s international exchange," he said, "we remain committed to connecting issuers with global capital and supporting the growth journey of leading UAE corporates."

Expanding Islamic Finance Hub

The total value of Sukuk listed on Nasdaq Dubai has now reached US$100.6 billion. Overall, debt securities listed on the exchange exceed US$141.6 billion in value. This development advances Dubai’s position as a premier hub for Islamic finance while supporting leading UAE companies like Arada.

This latest listing not only strengthens Arada's financial standing but also contributes to Nasdaq Dubai's growing reputation as a key player in Islamic finance markets worldwide.

With inputs from WAM