LSEG celebrates BinGhatti Holding Limited's US$300 million debut sukuk transaction

Binghatti is a proud Emirati property developer headquartered in Dubai, United Arab Emirates. The Binghatti brand is synonymous with some of the most iconic projects in the world’s most dynamic and innovative city. The company’s product offering spans all segments of the market, including affordable to mid-luxury, luxury, and uber-luxury markets. The company is distinguished by its iconic architectural style that represents the brand’s distinct design DNA integrated across its wide array of real estate developments. With a real-estate portfolio of over 50 projects and an exceeding value of AED 30 Billion. Binghatti is the pioneering real estate developer in the world that has formed partnerships to develop branded real estate projects with global luxury brands, such as Bugatti, Mercedes-Benz and Jacob & Co. 

The team celebrating on the balcony at LSEG during the welcome ceremony.

The leading Dubai real estate developer Binghatti, has achieved a significant milestone with the successful launch of its inaugural USD 300 million 3-year Sukuk issuance. Priced competitively at 9.625%, the Sukuk experienced a tightening of approximately 30 basis points, demonstrating strong investor demand and confidence.

This transaction garnered widespread demand from both regional and international investors, with the order book peaking at an impressive 2.1 times subscription. The order book reached excess of USD 600 million, peaking at USD 621 million, underscoring the robust demand for Binghatti’s Sukuk offering.

Useful links

Check out what's happening at the Exchange

Looking to find out more about accessing capital?

If you'd like to find out more about accessing capital, please submit your details and a member of our team will be in touch.

By submitting this form, you agree to your personal data being shared within the London Stock Exchange Group of companies (LSEG) for the purpose of receiving communications via post, phone and electronic means from LSEG about events, resources, products, and/or services.

For more information on how LSEG uses your data, see our privacy statement. You can adjust your preferences at any time through the preference link in any electronic communication that you receive from us.