Binghatti Holding Limited has successfully listed its inaugural $500 million green sukuk on Nasdaq Dubai, reflecting robust investor confidence in the company’s sustainable finance strategy. The sukuk, maturing in 2029, was oversubscribed 4.3 times, receiving over $2.1 billion in orders from regional and international investors.
The issuance was priced at a competitive profit rate of 7.75 percent, tightening from the initial guidance of 8.125 percent. This demonstrates the strong market demand for ESG-linked financial instruments in the region.
Katralnada BinGhatti, CEO of Binghatti Holding, emphasized the significance of this milestone: “Our debut green sukuk marks a significant milestone in Binghatti’s journey toward sustainable and responsible growth.”
The proceeds from the sukuk will be allocated to qualified green projects that align with Binghatti’s sustainability framework. This issuance reinforces the company’s commitment to the UAE Net Zero 2050 initiative and supports Dubai’s strategy to advance sustainable finance.
With this listing, Binghatti’s total sukuk value on Nasdaq Dubai has reached $1.5 billion. The total outstanding value of debt listings on the exchange now exceeds $141 billion, reaffirming its position as a leading venue for Islamic and sustainable finance instruments.
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), noted: “The transaction reflects the growing investor appetite for ESG-focused instruments and the strength of Dubai’s capital markets as a global hub for Islamic and sustainable finance.”
