Nasdaq Dubai recently welcomed the listing of $500 million in sukuk from Bani Ghati Holding, reflecting its success in attracting investors. This step is part of a sukuk issuance program totaling $1.5 billion, with these sukuk maturing in 2030. These issuances are expected to attract significant interest from regional and international investors, enhancing Dubai’s position as a leading financial hub.
Strong Investor Demand
A report from Nasdaq Dubai indicated that the issuance experienced remarkable demand, with subscriptions covering five times the offered amount. Subscription requests exceeded $2.5 billion, reflecting investor confidence and strong interest in sukuk. Due to this high demand, the sukuk was priced at a profit rate of 8.125%, after being reduced from initial guidance.
Celebrities Celebrate Successful Listing
To celebrate the successful operation, Mohammed Bani Ghati, Chairman of Bani Ghati Holding, rang the opening bell for the trading session at Nasdaq Dubai, alongside Hamed Ali, CEO of Dubai Financial Market and Nasdaq Dubai. On this occasion, Bani Ghati expressed pride in the company’s achievement of listing $500 million in sukuk at Nasdaq Dubai, commenting, “The strong demand from investors confirms the strength of our financial center and our future vision.”
Commitment to Growth and Sustainability
For his part, Hamed Ali stated that the listing of Bani Ghati’s sukuk on Nasdaq Dubai reflects global demand for Sharia-compliant financing instruments. He added, “At Nasdaq Dubai, we reaffirm our commitment to providing an advanced platform that connects issuers with diverse investors.”
With this listing, the total value of sukuk listings from Bani Ghati on Nasdaq Dubai reaches $1 billion, demonstrating the company’s continued confidence in this exchange.
Nasdaq Dubai continues to strengthen its position as a leading global center for Sharia-compliant finance, with a total sukuk listing value of $98.6 billion across 108 listings. These figures affirm Nasdaq Dubai’s status among the top sukuk listing platforms in the world.