USD 500M Sukuk Issued Under USD 1.5B Programme
Dubai, UAE – 1 August 2025: Binghatti
Holding Ltd (“Binghatti Holding”), one of the UAE’s fastest-growing real estate developers,
has successfully priced a USD 500 million 5-year Senior Unsecured Sukuk under its USD 1.5
billion Trust Certificate Issuance Programme. The issuance was oversubscribed by 5 times,
reflecting exceptional demand and investor confidence.
Strong Global Demand and Tight Pricing
The Regulation S Sukuk attracted an order book exceeding USD 2.5 billion, with half the
demand coming from international investors. Priced at a profit rate of 8.125%—a spread of
418 basis points over the 5-year US Treasury—the issuance tightened significantly from its
initial guidance of 8.500% area.
Listing on Nasdaq Dubai and London Stock Exchange
The Sukuk will be listed on both Nasdaq Dubai and the London Stock Exchange, further
reinforcing Binghatti’s growing credibility and access to global capital markets.
Chairman’s Statement
Muhammad BinGhatti, Chairman of Binghatti Holding, commented:
“Binghatti’s landmark sukuk marks a pivotal milestone in our journey, reinforcing our
position as one of the region’s most dynamic and diversified developers. The strong demand
and investor trust highlight Binghatti’s unique model, a vertically integrated platform
underpinned by phenomenal growth and market-leading execution.”
Partner Commentary
Ahmed Abdelaal, Group CEO of Mashreq, said:
“We are proud to have played a pivotal role in Binghatti’s return to the sukuk market. The
exceptional investor response underscores the strong appetite for the Dubai growth story and
confidence in Binghatti’s trajectory. This landmark issuance affirms their access to global
capital markets and establishes a new 5-year benchmark for the sector.”
Financial Highlights – H1 2025
Development Pipeline and Expansion Plans
Binghatti’s AED 12.5 billion revenue backlog and AED 70 billion+ development portfolio
position it as one of Dubai’s leading developers. The Group currently has 20,000+ units
under development across 30 projects in key areas like Downtown Dubai, Business Bay, JVC,
and Meydan. Its branded residences include collaborations with luxury icons Bugatti,
Mercedes-Benz, and Jacob & Co.
Binghatti’s First Master-Planned Community in Nad Al Sheba
Further strengthening its development pipeline, Binghatti recently acquired a 9 million sq.
ft. megaplot in Nad Al Sheba 1. The site will host Binghatti’s first master-planned
community, with an estimated development value of over AED 25 billion.
