Arada lists $450 million oversubscribed sukuk on Nasdaq Dubai

Strong demand from global investors

The issuance was oversubscribed more than four times, receiving over US$2 billion in orders from regional and international investors. It was priced at a profit rate of 7.150 percent, reflecting robust investor interest and confidence.

Arada’s growing presence in debt capital markets

This marks Arada’s third Sukuk listing on Nasdaq Dubai, bringing its total outstanding Sukuk to US$1.5 billion. Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada, rang the market-opening bell to commemorate the listing, alongside Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

Statement from Arada

Prince Khaled highlighted the company’s continued growth and investor trust: “Since our last issuance, we have expanded into two new markets and continue to achieve record results. This performance has underpinned significant global demand for our Sukuk programme.”

Nasdaq Dubai affirms support for Islamic finance

Hamed Ali welcomed Arada’s return, stating, “This reaffirms the depth and diversity of our Sukuk market and strengthens Dubai’s position as a hub for Islamic finance.”

Enhancing strategic expansion

The funds raised will support Arada’s strategic growth initiatives across the UAE and new international markets.

Sukuk market milestones

With this listing, the total value of Sukuk listed on Nasdaq Dubai now stands at US$100.6 billion. The overall value of debt securities listed on the exchange exceeds US$141.6 billion.