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Nasdaq Dubai Lists Arada’s $450 Million Sukuk Amid Strong Investor Demand
Nasdaq Dubai has listed a $450 million Sukuk issued by Arada Developments LLC, a UAE-based master developer, under its $1 billion trust certificate issuance program. The Islamic bond, maturing in 2030, drew more than $2 billion in orders—over four times its offering size—signaling strong regional and international investor interest.
The Sukuk, priced at a profit rate of 7.150%, marks Arada’s third listing on Nasdaq Dubai, bringing its total outstanding issuances on the exchange to $1.5 billion.
To mark the occasion, Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada, rang the opening bell at Nasdaq Dubai alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market.
The listing supports Arada’s ongoing expansion, including recent entries into two new markets. Nasdaq Dubai now hosts $100.6 billion in listed Sukuk, with the total value of debt instruments on the exchange exceeding $141.6 billion.
Photo credits: Government of Dubai Media Office
Oksana Bozhko is a Contributor to Dubai Voice.
Oksana Bozhko
