Majid Al Futtaim lists $500m Sukuk on Nasdaq Dubai amid strong investor demand
Nasdaq Dubai has listed a $500 million Sukuk issued by MAF Sukuk Ltd., guaranteed by Majid Al Futtaim Holding LLC, as the group expands its use of Dubai’s international debt capital markets to access a broader investor base.
The Sukuk, which matures on 22 October 2035 and offers a profit rate of 4.875%, generated an order book exceeding $2 billion. Proceeds will support the company’s general corporate purposes and refinancing plans.
Hamed Ali, CEO of Nasdaq Dubai and DFM, stated that the listing underscores Dubai’s position as a hub for Islamic finance and global capital flows. “The strong investor response reinforces the trust placed in issuers that demonstrate sound financial management and long-term resilience,” he noted.
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Muhammad Ali Bandial