Nasdaq Dubai welcomed the listing of $500 million sukuk from Bin Ghaithi Holding Company, a real estate development firm based in Dubai.

A statement yesterday indicated that the sukuk mature in 2030 and were issued under the $1.5 billion Bin Ghaithi Sukuk Issuance Program. The sukuk are also listed on the London Stock Exchange.

The issuance attracted strong demand from regional and international investors, with subscription coverage reaching five times the offering value and subscription requests exceeding $2.5 billion. Due to the high demand, the sukuk were priced at a profit rate of 8.125%, after lowering the rate from initial guidance.

To celebrate the successful listing, Bin Ghaithi Holding Chairman Mohamed Bin Ghaithi rang the opening bell at Nasdaq Dubai alongside Hamid Ali, CEO of Dubai Financial Market and Nasdaq Dubai.

Mohamed Bin Ghaithi said: “The successful listing of our new $500 million sukuk on Nasdaq Dubai marks an important milestone in the company’s growth journey and confirms the strong confidence of regional and international investors in our solid financial position and future vision.”

Hamid Ali, CEO of Dubai Financial Market and Nasdaq Dubai, said: “We are pleased to welcome the latest sukuk listing from Bin Ghaithi on Nasdaq Dubai, reflecting the ongoing global demand for Sharia-compliant financing instruments and Dubai’s growing appeal as a leading capital markets hub.”

He added: “At Nasdaq Dubai, we reaffirm our commitment to providing an advanced platform connecting issuers with a diverse investor base.”

With this listing, the total value of Bin Ghaithi’s sukuk listings on Nasdaq Dubai reaches $1 billion, demonstrating the company’s continued trust in the exchange.

Nasdaq Dubai continues to strengthen its position as a leading global center for Sharia-compliant finance, with total sukuk listings valued at $98.6 billion across 108 listings, reinforcing its status as one of the top sukuk listing platforms worldwide.