Important Facts of the News
- Binghatti Holding listed a $500 million Green Sukuk on Nasdaq Dubai.
- The Green Sukuk is part of a $1.5 billion trust certificate issuance programme.
- It matures in 2029 and is Binghatti’s first ESG-linked instrument.
- The offering was 4.3 times oversubscribed, receiving over $2.1 billion in orders.
- The Sukuk was priced at a profit rate of 7.75 percent.
- The proceeds will finance qualified green projects under Binghatti’s sustainability framework.
- The issuance aligns with UAE’s Net Zero 2050 initiative and Dubai’s sustainable finance strategy.
- Ahmed and Katralnada BinGhatti led the bell-ringing ceremony at Nasdaq Dubai.
- Binghatti’s total Sukuk listings on Nasdaq Dubai have reached $1.5 billion.
- Total outstanding debt listings on Nasdaq Dubai now exceed $141 billion.
Nasdaq Dubai Hosts Binghatti’s First Green Sukuk
Nasdaq Dubai has added a landmark sustainable finance instrument to its platform with the listing of a $500 million Green Sukuk by Binghatti Holding Limited. This marks the property developer’s entry into ESG-linked financing, with the Sukuk structured under a broader $1.5 billion trust certificate programme.
Strong Investor Demand Highlights Confidence
The issuance, set to mature in 2029, drew significant investor interest from both regional and international markets. It was oversubscribed by 4.3 times, as total orders surpassed $2.1 billion. Due to this demand, the profit rate was finalised at 7.75 percent, below the initial guidance of 8.125 percent.
Aligned with UAE’s Sustainability Goals
Funds raised through the Sukuk will support environmentally focused ventures identified in Binghatti’s sustainability plan. The move reflects the company’s alignment with the UAE’s Net Zero 2050 ambitions and bolsters Dubai’s position in promoting sustainable finance within its broader economic vision.
Bell Ceremony Marks the Listing
To celebrate the listing, Ahmed BinGhatti and CEO Katralnada BinGhatti rang the ceremonial bell at the Nasdaq Dubai exchange. They were accompanied by Hamed Ali, CEO of Nasdaq Dubai and DFM, along with other executives.
Industry Leaders Speak on the Milestone
Katralnada BinGhatti hailed the listing as a significant step in Binghatti’s responsible growth journey. He highlighted the robust investor response as a testament to the company’s business model and reputation.
Hamed Ali of Nasdaq Dubai added that the transaction reflects the rising interest in ESG investment tools and reaffirms Dubai’s role as a global hub for Islamic and green finance.
Growing Momentum for Sukuk in the UAE
This new listing elevates Binghatti’s total Sukuk value on Nasdaq Dubai to $1.5 billion, underlining its trust in the exchange’s global reach. The combined value of debt instruments listed on the platform now exceeds $141 billion, strengthening its position as a leader in Islamic and sustainable financing.