Page 163 - SOBHA REALTY PR REPORT - SEPTEMBER 2024

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

“The significant interest in Sobha Realty's sukuk led to a notable price tightening of 95 basis
points, highlighting strong demand from both regional and international investors.

Approximately 25 per cent of the interest comes from global sources, reflecting strong
confidence in Sobha Realty's financial instruments,” it said.

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.

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