Construction & Real Estate

Arada makes debt market comeback with $400m sukuk

Arada Developments has returned to the global debt markets via a successful issuance of a $400 million senior unsecured sukuk, which has been listed on the London Stock Exchange and Nasdaq Dubai. This marks the first issuance by a UAE real estate developer since the outbreak of the regional conflict in February....

Construction & Real Estate

Nasdaq Dubai welcomes listing of $300m Islamic treasury sukuk

Nasdaq Dubai has announced the successful listing of an AED1.1 billion ($300 million) dirham-denominated Islamic Treasury Sukuk issued by the Ministry of Finance. The additional amounts represent tap issuances of two existing series under the UAE Federal Government’s T-Sukuk Programme. ...

Construction & Real Estate

EFG Hermes plays key role in Depa's $179m Nasdaq Dubai rights issue

EFG Hermes, a leading investment bank in the Mena region, has announced that it has played a key advisory role in the AED658 million ( ) rights issue of Depa, an interior solutions group based in Dubai, as the financial advisor and bookrunner for its listing on Nasdaq Dubai. ...

Construction & Real Estate

Nasdaq Dubai welcomes Binghatti Holding's debut $500m Green Sukuk

Nasdaq Dubai has welcomed the listing of a $500 million debut Green Sukuk by Binghatti Holding Limited, one of Dubai’s fastest growing property developers....