Sobha Real Estate issues $300 million sukuk

Sobha Real Estate issued 5NC3 sukuk with a value of $300 million.
The company became the second regional issuer of high-yield real estate sukuk to enter the public capital markets in the past few months, in a new indication of the strength of the continued demand for major real estate sukuk issuers.
These achievements reflect Sobha’s commitment to exploring horizons of innovative financing options and expanding its presence in the global financial markets.