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Sobha Realty raises $750m in inaugural green sukuk
Bank FirstBank First(US:BFC) Gulf Business·2025-09-10 21:49

Image: Supplied Sobha Realty, the UAE-based luxury property developer, said on Wednesday it has raised 750mthroughitsfirstgreensukuk,thelargesteverbyarealestatedeveloperglobally.Thefiveyearsukuk,maturingin2030,wasissuedunderthecompanys750m through its first green sukuk, the largest ever by a real estate developer globally.The five-year sukuk, maturing in 2030, was issued under the company’s 1.5bn trust certificate issuance programme.It will be listed on the London Stock Exchange and Nasdaq Dubai, the company said.Investor demand reached about $2.1bn, 2.8 times the issue size, allowing Sobha to tighten pricing by 50 basis points from ...