Page 127 - SOBHA REALTY PR REPORT - SEPTEMBER 2024

9/16/24, 2:20 PM Sobha Realty completes $230mn sukuk tap - Construction Week Online
Sobha Realty completes $230mn sukuk tap

Sobha's sukuk was listed on both the London Stock Exchange and NASDAQ Dubai

by Staff Writer September 13, 2024 01:28 PM GST SHARE

Luxury real estate developer Sobha Realty has announced the execution of
a strategic tap into its existing sukuk on Tuesday, 10 September, 2024.

This latest tap is an extension of the developer’s inaugural sukuk issuance of $300
million, which took place in July 2023 and currently has an outstanding balance of
$270 million.

This sukuk was listed on both the London Stock Exchange and NASDAQ Dubai.

Sobha Realty’s total sukuk issuance now reaches a benchmark size of $500 million. The
tap adheres to the existing sukuk terms.

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