

Nasdaq Dubai has listed Binghatti Holding's debut USD 500 million Green Sukuk, which was oversubscribed 4.3 times, attracting over USD 2.1 billion in orders from regional and global investors. The proceeds will fund qualified green projects, supporting the UAE's Net Zero 2050 goals and Dubai's sustainable finance agenda. Issued under Binghatti's USD 1.5 billion Trust Certificate Issuance Programme, the Green Sukuk matures in 2029 and is the company's first ESG-linked issuance. The issuance was priced at a profit rate of 7.75%, tightening from initial guidance of 8.125%. The listing was marked by a market-opening bell ceremony attended by Binghatti executives and Nasdaq Dubai officials. Binghatti's CEO highlighted the Sukuk as a milestone in their sustainable growth journey, reflecting investor confidence in their business model. Nasdaq Dubai's CEO noted the transaction's significance in showcasing the growing demand for ESG-focused instruments and Dubai's role as a global hub for Islamic and sustainable finance. With this listing, Binghatti's total Sukuk value on Nasdaq Dubai reaches USD 1.5 billion, while the total outstanding debt listings on the exchange exceed USD 141 billion.