Binghatti Holding Ltd has launched its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange, marking a significant step in its international growth journey. The issuance, priced at a profit rate of 8.125%, was oversubscribed five times, drawing over USD 2.5 billion in orders from a diverse range of global and regional investors.
Founder Dr Hussain BinGhatti, Chairman Muhammad BinGhatti, and CEO Katralnada BinGhatti rang the opening bell alongside senior executives and lead arrangers. The Sukuk, issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, will also be listed on Nasdaq Dubai, enhancing the company’s access to deep and liquid global capital markets.
Muhammad BinGhatti, Chairman of Binghatti Holding, said: “The listing of our sukuk on the London Stock Exchange is a clear signal of Binghatti’s commitment to engaging proactively with global investors and operating at the highest standards of transparency and governance. The landmark sukuk issuance enjoyed strong international demand, allowing us to close the books ahead of schedule and reinforcing market confidence in our credit profile, operational resilience, and growth strategy.”
Strong Investor Confidence and Strategic Growth
Katralnada BinGhatti, CEO, added: “Binghatti’s sukuk programme reflects our commitment to diversifying the company’s funding base, extending our maturity profile, and efficiently deploying capital to capture emerging opportunities. The five-times oversubscription and strong demand from institutional investors across Europe, Asia, and the Middle East signal a clear endorsement of our vertically integrated business model. With close to 50% of allocations going to non-GCC investors, we are pleased to see growing global recognition of Binghatti’s unique positioning in Dubai’s real estate sector.”
The strong issuance comes after an impressive H1 2025 performance. Net profit more than tripled to AED 1.82 billion, driven by sustained demand for Dubai real estate. Total sales reached AED 8.8 billion, while revenue climbed 189% year-on-year to AED 6.3 billion.
Expanding Portfolio and Market Leadership
Binghatti launched seven new projects and delivered five developments in the first half of 2025 alone. With 15 handovers over the last 18 months, a revenue backlog of AED 12.5 billion, and a development portfolio exceeding AED 70 billion, the company continues to solidify its position as a leading Dubai developer.
The developer currently has around 20,000 units under development across 30 projects in prime areas including Downtown, Business Bay, Jumeirah Village Circle, and Meydan, as well as flagship branded residences in collaboration with luxury partners Bugatti, Mercedes-Benz, and Jacob & Co.
Recently, Binghatti acquired a 9 million sq. ft. megaplot in Nad Al Sheba 1 to develop its first master-planned community, with a projected value exceeding AED 25 billion, further strengthening its growth trajectory.
