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Sobha commits USD 600 mn to Texas housing, eyes Houston and Austin next
With 1H profit down 8% and Dubai prices off 10% since February, Texas offers a hedge, even if a small…
Sobha Realty raises USD 750 mn debut green sukuk
Orders reached USD 2.1 bn, 2.8x the offering size
THIS MORNING: Sobha Realty on roadshow for maiden green sukuk + Airtel Africa mulls UAE as listing venue for Airtel Money
Plus: Mubadala’s Corient acquires heavyweight European wealth managers
Dewa, Tabreed and Sobha report strong earnings on strong demand as Dana Gas quarterly performance takes a minor hit
Dewa’s net income and revenues reached record highs on the back of strong demand for electricity and water
Dubai developers go global as local market peaks
The move follows Dubai's four-year property boom and comes ahead of an expected correction in prices later this year
THIS MORNING: Low economic risk this year, Fitch says + Dubai’s first ever tokenized real estate asset was fully funded in the first day
Plus: Private sector eid holiday confirmed
Sobha Realty’s USD 500 mn sukuk issuance was 3x oversubscribed
The offering matures in 2029, and carries an 8% yield
Sobha Realty inches closer to issuing USD-denominated sukuk
The offering falls under the firm’s USD 1.5 bn trust certificate issuance programme
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