

Nasdaq Dubai welcomed the listing of a USD 400 million Sukuk due 2029 issued by OMNIYAT, a leading Dubai-based real estate developer.
Issued under OMNIYAT’s USD 2 billion Trust Certificate Issuance Programme, the Sukuk attracted strong investor demand, with the orderbook exceeding USD 800 million, more than twice oversubscribed. Rated BB- (Stable) by S&P and Fitch, the issuance was priced at a profit rate of 7.25% per annum, payable semi-annually, after tightening from initial guidance of 7.625%.
The listing further reinforces Dubai’s position as a leading global hub for Sukuk, providing regional and international issuers with access to a diversified investor base. The Sukuk is dual listed on Nasdaq Dubai and the London Stock Exchange’s International Securities Market.
Following this issuance, Omniyat’s total outstanding listings on Nasdaq Dubai have reached USD 900 million, further strengthening Dubai’s capital markets ecosystem.
The total value of Sukuk listed on Nasdaq Dubai now stands at USD 99.8 billion, reaffirming its position as one of the world’s largest Sukuk listing venues.