Page 158 - SOBHA REALTY PR REPORT - SEPTEMBER 2024
P. 158
9/13/24, 1:24 PM Sobha Realty complete $230mln sukuk tap, taking total sukuk holdings to $500mln
Image used for illustrative purpose. Getty Images
Getty Images
SUKUK
Sobha Realty complete $230mln sukuk tap, taking
total sukuk holdings to $500mln
This latest tap is an extension of the Developer’s inaugural sukuk issuance of USD 300
million
Press Release
September 12, 2024
Dubai – Sobha Realty, a leading global luxury real estate developer, announces the successful
execution of a strategic tap into its existing sukuk on Tuesday, September 10, 2024. This latest tap is an
extension of the Developer’s inaugural sukuk issuance of USD 300 million, which took place in July 2023
and currently has an outstanding balance of USD 270 million. 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 reaches a benchmark size of
USD 500 million. The tap adheres to the existing sukuk terms, preserving the favorable conditions and
ensuring continued stability for the company’s valued investors.
https://www.zawya.com/en/press-release/companies-news/sobha-realty-complete-230mln-sukuk-tap-taking-total-sukuk-holdings-to-500mln-diaytry2 1/3
