Page 162 - SOBHA REALTY PR REPORT - SEPTEMBER 2024

9/13/24, 1:24 PM Sobha Realty's Sukuk Issuance Hits $500M

Sobha Realty's Sukuk Issuance Hits $500M

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9/12/2024 3:12:24 PM

(MENAFN- Khaleej Times) Sobha Realty, a leading luxury Real estate developer, has

announced the 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.

With the completion of this tap, Sobha Realty's total sukuk issuance now reaches a
benchmark size of $500 million. The tap adheres to the existing sukuk terms, preserving the

favorable conditions and ensuring continued stability for the company's valued investors, the
developer said in a statement.

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