19 May, 2025Nasdaq Dubai Welcomes USD 500 Million Sukuk Listing by Sobha Realty

Nasdaq Dubai today welcomed the listing of a USD 500 million Sukuk issued by Sobha Realty (Sobha Sukuk I Holding Limited), one of the region’s largest real estate developers.

The five-year Sukuk, due in 2029, was issued under Sobha Realty’s recently established USD 1.5 billion Trust Certificate Issuance Programme. The issuance attracted strong investor demand, reflecting robust market confidence in Sobha Realty’s strategic growth initiatives, particularly its expanding residential and commercial real estate portfolio across prime locations in Dubai.

This latest Sukuk issuance follows Sobha Realty’s successful prior listings on Nasdaq Dubai, including a USD 300 million standalone Sukuk in July 2023 and a USD 230 million tap issuance subsequently consolidated under the same series.

With Sobha Realty’s listing, the total value of Sukuk on Nasdaq Dubai now exceeds USD 96.7 billion, reinforcing its position as a leading international exchange for Islamic finance. The total value of debt securities currently listed on Nasdaq Dubai exceeds USD 138 billion across 159 issuances.