{"id":103490,"date":"2025-05-09T00:00:00","date_gmt":"2025-05-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/"},"modified":"2025-05-09T00:00:00","modified_gmt":"2025-05-09T00:00:00","slug":"sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/","title":{"rendered":"Sobha Realty inches closer to issuing USD-denominated sukuk"},"content":{"rendered":"

Sobha Rea<\/strong>lty taps banks for FCY sukuk sale: <\/strong>Dubai real estate developer Sobha Realty<\/a> enlisted a syndicate of local and international banks for its upcoming USD-denominated three-year, USD-denominated sukuk, Zawya<\/a> reports. The Reg S compliant benchmark offering falls under the firm\u2019s USD 1.5 bn trust certificate issuance program rated BB by S&P<\/a>. There\u2019s no word yet on the size of the issuance.<\/p>\n

ICYMI- <\/strong>Bloomberg<\/a> reported <\/span>earlier last month<\/a> that proceeds from the debt issuance will be used to fund land acquisitions.<\/span><\/p>\n

Meet the banks:<\/strong> Our friends at Mashreq are acting as lead managers and bookrunners on the transaction, along with Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Arqaam Capital, Dubai Islamic Bank, Emirates NBD Capital, JP Morgan, Rakbank, Sharjah Islamic Bank, Standard Chartered Bank and Warba Bank.<\/p>\n

IN CONTEXT- Emirati real estate players are loading up on Islamic FCY debt. <\/strong>Just last month, Dubai-based luxury developer Omniyat<\/a> closed its maiden USD 500 mn green sukuk issuance. Meanwhile, Aldar Investment Properties<\/a> tapped global markets with a USD 500 mn 10-year green sukuk back in March, while Damac<\/a> returned in February with its first benchmark issuance in a year and a half \u2014 a USD 750 mn 3.5-year sukuk.<\/p>\n","protected":false},"excerpt":{"rendered":"

The offering falls under the firm\u2019s USD 1.5 bn trust certificate issuance programme<\/p>\n","protected":false},"author":1,"featured_media":103491,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[1391,68,7,1056,66],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt","tag-debt-watch","tag-enterpriseam-uae","tag-sobha-realty","tag-sukuk","wpautop","entry"],"acf":{"mongo_id":"b1239a95-56f4-46c1-9650-387c592698bc","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/1509.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sobha Realty inches closer to issuing USD-denominated sukuk","related_issue":[103480],"teaser":"The offering falls under the firm\u2019s USD 1.5 bn trust certificate issuance programme","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.51e41ab8-e8ed-4f77-8b44-481fad8f418c.mp3"},"yoast_head":"\nSobha Realty inches closer to issuing USD-denominated sukuk - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sobha Realty inches closer to issuing USD-denominated sukuk\" \/>\n<meta property=\"og:description\" content=\"The offering falls under the firm\u2019s USD 1.5 bn trust certificate issuance programme\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Sobha Realty inches closer to issuing USD-denominated sukuk\",\"datePublished\":\"2025-05-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/\"},\"wordCount\":206,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"DEBT WATCH\",\"EnterpriseAM UAE\",\"Sobha Realty\",\"Sukuk\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/\",\"name\":\"Sobha Realty inches closer to issuing USD-denominated sukuk - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-05-09T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Sobha Realty inches closer to issuing USD-denominated sukuk\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sobha Realty inches closer to issuing USD-denominated sukuk - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/","og_locale":"en_US","og_type":"article","og_title":"Sobha Realty inches closer to issuing USD-denominated sukuk","og_description":"The offering falls under the firm\u2019s USD 1.5 bn trust certificate issuance programme","og_url":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/","og_site_name":"UAE","article_published_time":"2025-05-09T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Sobha Realty inches closer to issuing USD-denominated sukuk","datePublished":"2025-05-09T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/"},"wordCount":206,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1","keywords":["debt","DEBT WATCH","EnterpriseAM UAE","Sobha Realty","Sukuk"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/","url":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/","name":"Sobha Realty inches closer to issuing USD-denominated sukuk - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1","datePublished":"2025-05-09T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/09\/sobha-realty-inches-closer-to-issuing-usd-denominated-sukuk\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Sobha Realty inches closer to issuing USD-denominated sukuk"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1509.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/103490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=103490"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/103490\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/103480"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/103491"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=103490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=103490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=103490"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=103490"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=103490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}