Post by : Bianca Qureshi
Dubai, UAE – Nasdaq Dubai has welcomed the listing of a USD 450 million Sukuk issued by Arada Developments LLC, a leading UAE-based master developer. The Sukuk, issued under Arada Sukuk 2 Limited’s USD 1 billion Trust Certificate Issuance Programme, will mature in 2030.
The offering was oversubscribed more than four times, attracting over USD 2 billion in orders from regional and international investors. It was priced at a profit rate of 7.150%, underscoring strong investor appetite.
Following this listing, Arada’s total outstanding Sukuk on Nasdaq Dubai now stands at USD 1.5 billion across three transactions, highlighting the company’s established track record in the debt capital markets.
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HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada, rang the market-opening bell at Nasdaq Dubai to mark the listing, in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
Prince Khaled said: “We are delighted to be returning to Nasdaq Dubai for the listing of our third Sukuk, which reflects the continued rise in international investor confidence in Arada. Since our last issuance, we have expanded into two new markets and continue to achieve record results across launches, sales and deliveries. This strong performance has underpinned significant global demand for our Sukuk programme and reinforces our position as one of the region’s fastest-growing master developers.”
Hamed Ali added: “Arada’s return to Nasdaq Dubai reaffirms the depth and diversity of our Sukuk market. The strong investor demand reflects issuer confidence and enhances the range of opportunities available to our global investor base. As the region’s international exchange, we remain committed to connecting issuers with global capital and supporting the growth journey of leading UAE corporates, while advancing Dubai’s position as a premier hub for Islamic finance.”
The listing will support Arada’s strategic expansion plans, enabling the company to capitalise on growth opportunities within the UAE and internationally.
The total value of Sukuk listed on Nasdaq Dubai has now reached USD 100.6 billion, while the overall value of debt securities on the exchange exceeds USD 141.6 billion.
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