UAE – Mubasher: Nasdaq Dubai has welcomed the listing of a $500 million debut Green Sukuk by Binghatti Holding Limited.
The green Sukuk is issued under Binghatti’s $1.50 billion Trust Certificate Issuance Programme and will mature in 2029, according to a press release.
The offering was oversubscribed 4.3 times, receiving over $2.10 billion in orders from regional and international investors. Furthermore, the issuance was priced at a profit rate of 7.75%, having tightened from initial guidance of 8.125%.
Binghatti noted that the proceeds from the Sukuk will be allocated to a portfolio of qualified green projects aligning with the property developer’s sustainability framework.
The CEO of Binghatti Holding, Katralnada BinGhatti, said: “Our debut Green Sukuk marks a significant milestone in Binghatti’s journey toward sustainable and responsible growth. The Sukuk’s strong oversubscription is a clear affirmation of the success of our unique vertically integrated business model and the confidence that both regional and international investors place in our vision and performance.”
The CEO noted: “The success of the issue reinforces our commitment to advancing environmentally conscious development across our portfolio and contributing meaningfully to the UAE’s Net Zero 2050 goals, while supporting Dubai’s position as a global hub for sustainable finance.”
From his part, Hamed Ali, the CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: “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.”
Ali added: “Listings of this calibre demonstrate Nasdaq Dubai's ability to connect leading UAE issuers with international investors, diversify funding opportunities, and advance the UAE’s sustainable finance ambitions through a transparent and trusted marketplace.”
With this green Sukuk listing, Binghatti’s total Sukuk value listed on Nasdaq Dubai has reached USD 1.50 billion, reflecting the company’s continued confidence in the exchange.
The total outstanding value of debt listings on Nasdaq Dubai now exceeds $141 billion, reaffirming its standing as one of the world’s leading venues for Islamic and sustainable finance instruments.
In September 2025, Binghatti listed a $500 million Sukuk on Nasdaq Dubai as part of its $1.50 billion Trust Certificate Program.
