- Bell-ringing ceremony led by Dr Hussain BinGhatti
- Profit rate of 8.125% secured on 5-year sukuk
- Part of USD 1.5 billion Trust Certificate Issuance Programme
Binghatti Holding Ltd (“Binghatti Holding”), one of the fastest-expanding property developers in the UAE, has officially listed its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange, commemorated with a bell-ringing ceremony to mark this landmark in the company’s international financing strategy.
The sukuk forms part of Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme and attracted orders totalling more than USD 2.5 billion—five times the initial offering size. The 8.125% profit rate highlights strong investor appetite for Binghatti’s debt instruments. The company holds ratings of BB- from Fitch and Ba3 from Moody’s, both with stable outlooks.
Attending the London event were Founder Dr Hussain BinGhatti, Chairman Muhammad BinGhatti, CEO Katralnada BinGhatti, senior company officials, and representatives from the lead arranging banks. A secondary listing will also take place on Nasdaq Dubai.
Muhammad BinGhatti, Chairman of Binghatti Holding, commented: “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. As we scale our business and diversify our development portfolio, access to deep, liquid, and global capital markets is central to our financial strategy. Today’s listing marks another important step in broadening our investor base and strengthening our global footprint.”
Katralnada BinGhatti, Chief Executive Officer of Binghatti Holding, stated:
“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. As we grow our portfolio and redefine luxury living in Dubai, we will continue to maintain prudent leverage and strong corporate governance.
The sukuk listing follows a record-breaking first half of 2025, with net profit more than tripling to AED 1.82 billion, sales reaching AED 8.8 billion, and revenues rising 189% to AED 6.3 billion compared with last year.
Over the past 18 months, Binghatti has completed 15 project handovers, delivered five developments in H1, and launched seven new schemes. With a revenue backlog of AED 12.5 billion and a project pipeline exceeding AED 70 billion, the company continues to lead in Dubai’s property sector. Current developments include 20,000 units in 30 projects across prime locations, including its branded residences with Bugatti, Mercedes-Benz, and Jacob & Co.
In addition, Binghatti recently secured a 9 million sq. ft. plot in Nad Al Sheba 1 for its first master-planned community, expected to exceed AED 25 billion in development value.
