Dubai-based Binghatti Holding has debuted its USD 500 mn five-year Senior Unsecured Sukuk on the London Stock Exchange, marking a significant milestone in its global expansion strategy, Invest-Gate reports.
The issuance, under the company’s USD 1.5 bn Trust Certificate Issuance Programme, was five times oversubscribed, attracting USD 2.5 bn in orders from regional and international investors. Priced at a profit rate of 8.125%, the sukuk reflects strong market confidence in the developer, rated BB- by Fitch and Ba3 by Moody’s, both with stable outlooks.
Founder Dr Hussain BinGhatti, Chairman Muhammad BinGhatti, and CEO Katralnada BinGhatti led a ceremonial bell-ringing at the London Stock Exchange to celebrate the listing, which will also trade on Nasdaq Dubai.
Muhammad BinGhatti said the listing underscores Binghatti’s commitment to transparency, governance, and broadening its global investor base. He noted that strong international demand allowed the company to close the books early, reinforcing confidence in its growth strategy. CEO Katralnada BinGhatti highlighted that nearly half the allocations went to non-GCC investors, reflecting rising global recognition of the company’s position in Dubai’s luxury real estate sector.
The sukuk launch follows a robust first half of 2025, during which Binghatti’s net profit more than tripled to AED 1.82 bn. Sales reached AED 8.8 bn, with revenue surging 189% year-on-year to AED 6.3 bn. The group launched seven projects and delivered five developments in H1, contributing to a revenue backlog of AED 12.5 bn and a development portfolio exceeding AED 70 bn.
Binghatti currently has around 20,000 units under construction across 30 projects in prime Dubai locations, including Downtown, Business Bay, Jumeirah Village Circle, and Meydan. Its portfolio features branded residences in partnership with Bugatti, Mercedes-Benz, and Jacob & Co. The pipeline was recently expanded with the acquisition of a 9 mn sq. ft. plot in Nad Al Sheba 1 for its first master-planned community, valued at over AED 25 bn.