Page 154 - SOBHA REALTY PR REPORT - SEPTEMBER 2024

9/13/24, 1:24 PM Sobha Realty complete US $230mn Sukuk Tap

Sobha Realty complete US $230mn Sukuk

Tap

By Priyanka Raina

Posted on September 13, 2024

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completion of this tap, Sobha Realty’s total sukuk issuance now stands at $500mn

Sobha Realty has announced the execution of a tap into its existing sukuk on 10 September 2024.
This latest tap is an extension of the Developer’s inaugural sukuk issuance of US $300mn, which took

place in July 2023 and currently has an outstanding balance of $270mn. This sukuk was listed on both
the London Stock Exchange (LSE) and NASDAQ Dubai.

With the completion of this tap, Sobha Realty’s total sukuk issuance now stands at $500mn. The tap

adheres to the existing sukuk terms, preserving the conditions and ensuring continued stability for the
company’s investors, the developer said.

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