Page 133 - SOBHA REALTY PR REPORT - SEPTEMBER 2024

9/16/24, 2:21 PM Dubai: Sobha Realty completes $230 million Sukuk tap
Sobha Realty completes $230 million Sukuk tap, taking total

sukuk holdings to $500 million

written by Staff Reporter 2 days ago

SHARE 0

Sobha Realty, a leading global luxury real estate developer, has announced the successful execution of a

strategic tap into its existing sukuk.

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 (LSE) and NASDAQ Dubai.

https://dubainewsweek.com/dubai-sobha-realty-completes-230-million-sukuk-tap/ 1/2