11 Sep, 2025Nasdaq Dubai Welcomes Sobha Realty’s Debut Green Sukuk Listing Valued at USD 750 Million
Sobha Realty’ USD 750 million Green Sukuk is the largest Green Sukuk issued by a real estate developer to date
Total value of Sukuk listed on Nasdaq Dubai reaches USD 99.4 billion
Nasdaq Dubai welcomed the listing of Sobha Realty’s USD 750 million Green Trust Certificates, due 2030, issued under its USD 1.5 billion Trust Certificate Issuance Programme.
This landmark issuance marks Sobha Realty's debut Green Sukuk and represents the largest issuance of its kind by a real estate developer to date. The Sukuk attracted strong demand from regional and international investors, underscoring the growing appetite for sustainable instruments from Dubai.
Ravi Menon, Chairman of Sobha Group, said: “Our debut Green Sukuk issuance marks a significant milestone for Sobha Realty, reflecting the market’s strong confidence in our financial strength and our steadfast commitment to sustainability. This initiative goes beyond conventional financing; it represents a strategic alignment of our capital framework with our core values. Through it, we aim to accelerate our ESG journey by supporting projects that generate measurable environmental impact and reinforce our leadership in developing sustainable luxury communities. This achievement underscores our long-term vision to create enduring value for our stakeholders and contribute meaningfully to the UAE’s Net Zero by 2050 agenda.”
Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), said: “Sobha Realty’s debut Green Sukuk highlights the growing demand for ESG-linked instruments and reinforces the pivotal role of Nasdaq Dubai in connecting issuers with a diverse and international investor base. This milestone further underscores our commitment to supporting sustainable financing and expanding the depth of Dubai’s capital markets.”
The latest admission brings Sobha’s total listings on Nasdaq Dubai to USD 1.75 billion across three Sukuk issuances, reinforcing the company’s presence in international capital markets.
With this listing, the total value of Sukuk listed on Nasdaq Dubai has reached USD 99.4 billion, further strengthening the exchange’s position as one of the world’s leading venues for Sukuk issuances.
Nasdaq Dubai, formerly DIFX, is the international financial exchange in the Middle East. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to find exciting opportunities.
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