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9/13/24, 1:24 PM Sobha Realty Adds $230M To Existing Sukuk Holdings
Dubai Developer Sobha Realty’s Sukuk Issuances Hit $500M
After Developer Adds $230M To Existing Holdings
By Samra Ahmed Forbes Middle East Staff Sep 12, 2024, 21:20 PM
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The latest tap is an extension of Sobha's inaugural sukuk issuance of $300 million issued in July 2023. Image by Sobha
Realty / website
Dubai's real estate developer Sobha Realty announced that it successfully executed a $230 million
strategic tap into its existing sukuk on Tuesday.
Sukuk issuance
With the completion of this tap, Sobha's total sukuk issuances reached a benchmark size of $500
million, according to a statement released Thursday.
The latest tap is an extension of Sobha's inaugural sukuk issuance of $300 million, issued in July
2023, with a current outstanding balance of $270 million. This sukuk was listed on both the London
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