Page 153 - SOBHA REALTY PR REPORT - SEPTEMBER 2024

Sobha Realty appointed Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic
Bank, Emirates NBD Capital, Sharjah Islamic Bank, and Standard Chartered Bank as joint global
coordinators, joint lead managers, and bookrunners for this transaction. “Their expertise and
commitment have been instrumental to its success.”

Sobha’s announcement follows recent upgrades from leading credit rating agencies. “These
upgrades reflect our strong financial results, including substantial Ebitda growth, a larger revenue
backlog, and improved Ebitda margins. Sobha Realty is confident this strategic move will further
fortify its financial position and reinforce trust with its stakeholders,” said the statement.

https://www.khaleejtimes.com/business/markets/sobha-realtys-sukuk-issuance-hits-500m