- Dr Hussain BinGhatti leads ceremonial bell-ringing at LSE
- Regulation S Sukuk priced at 8.125% profit rate
- USD 500 million issuance part of USD 1.5 billion programme
Binghatti Holding Ltd (“Binghatti Holding”), one of the UAE’s most dynamic real estate developers, has marked the launch of its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange with an official bell-ringing ceremony, underscoring a significant milestone in its global expansion strategy.
The sukuk, issued under the company’s USD 1.5 billion Trust Certificate Issuance Programme, drew overwhelming demand, with subscriptions exceeding the offering size by five times and total orders surpassing USD 2.5 billion. Priced with a profit rate of 8.125%, the issuance reflects strong investor confidence in Binghatti’s financial strength. Fitch has assigned the company a BB- rating, while Moody’s rates it Ba3, both with stable outlooks.
The ceremony was attended by Founder Dr Hussain BinGhatti, Chairman Muhammad BinGhatti, Chief Executive Officer Katralnada BinGhatti, senior leadership, and representatives of the lead arrangers. The Sukuk is also to be listed on Nasdaq Dubai.
Muhammad BinGhatti, Chairman of Binghatti Holding, commented: “The listing of our sukuk on the London Stock Exchange is a clear signal of Binghatti’s commitment to engaging proactively with global investors and operating at the highest standards of transparency and governance. The landmark sukuk issuance enjoyed strong international demand, allowing us to close the books ahead of schedule and reinforcing market confidence in our credit profile, operational resilience, and growth strategy. As we scale our business and diversify our development portfolio, access to deep, liquid, and global capital markets is central to our financial strategy. Today’s listing marks another important step in broadening our investor base and strengthening our global footprint.”
Katralnada BinGhatti, Chief Executive Officer of Binghatti Holding, added:
“Binghatti’s sukuk programme reflects our commitment to diversifying the company’s funding base, extending our maturity profile, and efficiently deploying capital to capture emerging opportunities. The five-times oversubscription and strong demand from institutional investors across Europe, Asia, and the Middle East signal a clear endorsement of our vertically integrated business model. With close to 50% of allocations going to non-GCC investors, we are pleased to see growing global recognition of Binghatti’s unique positioning in Dubai’s real estate sector. As we grow our portfolio and redefine luxury living in Dubai, we will continue to maintain prudent leverage and strong corporate governance.
The successful sukuk launch follows Binghatti Holding’s strong performance in H1 2025, where net profit surged over threefold to AED 1.82 billion, supported by robust demand in the Dubai property market. The Group posted AED 8.8 billion in total sales and AED 6.3 billion in revenue, marking a 189% year-on-year increase.
During the first half of the year, the Group unveiled seven new developments, delivered five projects, and completed 15 handovers in the last 18 months. With an AED 12.5 billion revenue backlog and a development portfolio exceeding AED 70 billion, Binghatti is firmly positioned as one of Dubai’s leading property developers. The company currently has approximately 20,000 units under construction across 30 projects in prime areas such as Downtown Dubai, Business Bay, Jumeirah Village Circle, and Meydan, alongside its signature branded residences in partnership with Bugatti, Mercedes-Benz, and Jacob & Co.
Binghatti’s pipeline was further strengthened by the acquisition of a 9 million sq. ft. site in Nad Al Sheba 1, earmarked for the company’s first master-planned community, expected to have a development value exceeding AED 25 billion.
