Binghatti Holding's $500mln benchmark sukuk begins trading on the London Stock Exchange
USD 500 million sukuk issued under its USD 1.5 billion programme
Dubai, UAE: Binghatti Holding Ltd ('Binghatti Holding'), one of the UAE's fastest growing real estate developers, celebrated the debut of its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange with a ceremonial bell-ringing event, marking a key milestone in the company's international growth journey.
The sukuk, issued under Binghatti's USD 1.5 billion Trust Certificate Issuance Programme, was oversubscribed five times, attracting over USD 2.5 billion in orders from a diverse pool of regional and global investors. The issuance was priced with a profit rate of 8.125%, reflecting investor confidence in Binghatti's robust financial position. The company is rated BB- by Fitch and Ba3 by Moody's, both with stable outlooks.
Founder Dr Hussain BinGhatti, Chairman Muhammad BinGhatti and Chief Executive Officer Katralnada BinGhatti, accompanied by other senior executives and lead arrangers, rang the opening bell at the London Stock Exchange to celebrate the listing. The Sukuk will also be listed on Nasdaq Dubai.
Muhammad BinGhatti, Chairman of Binghatti Holding, commented: 'The listing of our sukuk on the London Stock Exchange is a clear signal of Binghatti's commitment to engaging proactively with global investors and operating at the highest standards of transparency and governance. The landmark sukuk issuance enjoyed strong international demand, allowing us to close the books ahead of schedule and reinforcing market confidence in our credit profile, operational resilience, and growth strategy. As we scale our business and diversify our development portfolio, access to deep, liquid, and global capital markets is central to our financial strategy. Today's listing marks another important step in broadening our investor base and strengthening our global footprint.'
Katralnada BinGhatti, Chief Executive Officer of Binghatti Holding, commented:
'Binghatti's sukuk programme reflects our commitment to diversifying the company's funding base, extending our maturity profile, and efficiently deploying capital to capture emerging opportunities. The five-times oversubscription and strong demand from institutional investors across Europe, Asia, and the Middle East signal a clear endorsement of our vertically integrated business model. With close to 50% of allocations going to non-GCC investors, we are pleased to see growing global recognition of Binghatti's unique positioning in Dubai's real estate sector. As we grow our portfolio and redefine luxury living in Dubai, we will continue to maintain prudent leverage and strong corporate governance.'
The successful issuance and the strong demand come on the back of Binghatti Holding's strong H1 2025 results. During the first half, the company's net profit more than tripled to AED 1.82 billion, driven by resilient demand for Dubai real estate. The Group's total sales reached AED 8.8 billion, with revenue climbing 189% YoY to AED 6.3 billion.
The Group launched seven new projects and delivered five developments in H1 alone, handing over 15 projects in the last 18 months. Its AED 12.5 billion revenue backlog and over AED 70 billion development portfolio position it as one of Dubai's leading developers. Binghatti currently has approximately 20,000 units under development across 30 projects in prime Dubai locations including Downtown, Business Bay, Jumeirah Village Circle, and Meydan, as well as its flagship branded residences in collaboration with luxury partners Bugatti, Mercedes-Benz, and Jacob & Co.
The company's development pipeline was further reinforced by the recent acquisition of approximately 9 million sq. ft. megaplot in Nad Al Sheba 1, which will host Binghatti's first master-planned community, with a projected development value of over AED 25 billion.
About Binghatti Holding Ltd.:
Binghatti Holding Limited is one of the UAE's fastest-growing real estate development companies, with a rapidly expanding portfolio that spans over 80 projects valued at more than AED 70 billion. Renowned for its pioneering branded residences, Binghatti has forged collaborations with global icons such as Bugatti, Mercedes-Benz, and Jacob & Co., creating architectural masterpieces that blend innovation with opulence.
The company's robust financial foundation and disciplined growth strategy are underpinned by its solid credit ratings, 'BB-' by Fitch and 'Ba3' by Moody's, reflecting strong investor confidence and long-term stability.
An architect by training, Chairman Muhammad BinGhatti continues to shape the brand's legacy of architectural excellence and uncompromising quality. Binghatti has delivered more than 12,000 residential units to date, with a portfolio spanning elegantly designed mainstream communities offering high-quality living at accessible prices to ultra-luxury residences that set new benchmarks in Dubai's high-end real estate market.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Tahawul Tech
21 minutes ago
- Tahawul Tech
Kaspersky highlights biometric, signature risks with attempts up by 21.2% in UAE
Kaspersky has detected and blocked over 142 million phishing link clicks globally in Q2 2025, the UAE saw a 21.2% increase from Q1 in phishing attempts. Currently phishing is going through a shift driven by sophisticated AI-powered deception techniques and innovative evasion methods. Cybercriminals are exploiting deepfakes, voice cloning and trusted platforms like Telegram and Google Translate to steal sensitive data, including biometrics, electronic signatures and handwritten signatures, posing unprecedented risks to individuals and businesses. AI-powered tactics transforming phishing attacks AI has elevated phishing into a highly personalized threat. Large language models enable attackers to craft convincing emails, messages and websites that mimic legitimate sources, eliminating grammatical errors that once exposed scams. AI-driven bots on social media and messaging apps impersonate real users, engaging victims in prolonged conversations to build trust. These bots often fuel romantic or investment scams, luring victims into fake opportunities with AI-generated audio messages or deepfake videos. Attackers also create realistic audio and video deepfake impersonations of trusted figures — colleagues, celebrities or even bank officials — to promote fake giveaways or extract sensitive information. For instance, automated calls mimicking bank security teams use AI-generated voices to trick users into sharing two-factor authentication (2FA) codes, enabling account access or fraudulent transactions. Additionally, AI-powered tools analyze public data from social media or corporate websites to launch targeted attacks, such as HR-themed emails or fake calls referencing personal details. Employing new tactics to bypass detection Phishers are deploying sophisticated methods to gain trust, exploiting legitimate services to prolong their campaigns. For instance, Telegram's Telegraph platform, a tool to publish long texts, is used to host phishing content. Google Translate's page translation feature generates links that look like and are used by attackers to bypass security solutions' filters. Attackers now also integrate CAPTCHA, a common anti-bot mechanism, into phishing sites before directing users to the malicious page itself. By using CAPTCHA, these fraudulent pages deflect anti-phishing algorithms, as the presence of CAPTCHA is often associated with trusted platforms, lowering the likelihood of detection. A switch in hunting: from logins and passwords to biometrics and signatures The focus has shifted from passwords to immutable data. Attackers target biometric data through fraudulent sites that request smartphone camera access under pretexts like account verification, capturing facial or other biometric identifiers that cannot be changed. These are used for unauthorized access to sensitive accounts or sold on the dark web. Similarly, electronic and handwritten signatures, critical for legal and financial transactions, are stolen via phishing campaigns impersonating platforms like DocuSign or prompting users to upload signatures to fraudulent sites, posing significant reputational and financial risks to businesses. 'The convergence of AI and evasive tactics has turned phishing into a near-native mimic of legitimate communication, challenging even the most vigilant users. Attackers are no longer satisfied with stealing passwords — they're targeting biometric data, electronic and handwritten signatures, potentially creating devastating, long-term consequences. By exploiting trusted platforms like Telegram and Google Translate, and co-opting tools like CAPTCHA, attackers are outpacing traditional defenses. Users must stay increasingly skeptical and proactive to avoid falling victim,' said Olga Altukhova, security expert at Kaspersky. Earlier in 2025 Kaspersky detected a sophisticated targeted phishing campaign which was dubbed Operation ForumTroll, as attackers sent personalized phishing emails inviting recipients to the 'Primakov Readings' forum. These lures targeted media outlets, educational institutions and government organizations in Russia. After clicking on the link in the email, no additional action was needed to compromise their systems: the exploit leveraged a previously unknown vulnerability in the latest version of Google Chrome. The malicious links were extremely short-lived to evade detection and in most cases ultimately redirected to the legitimate website for 'Primakov Readings' once the exploit was taken down. To be protected from phishing, Kaspersky recommends: Verify unsolicited messages, calls, or links, even if they appear legitimate. Never share 2FA codes. Scrutinize videos for unnatural movements or overly generous offers, which may indicate deepfakes. Deny camera access requests from unverified sites and avoid uploading signatures to unknown platforms. Limit sharing sensitive details online, such as document photos or sensitive work information. Use Kaspersky Next (in corporate environments) or Kaspersky Premium (for individual use) to block phishing attempts.
Tahawul Tech
28 minutes ago
- Tahawul Tech
Grok AI Archives
"EE does offer parental controls for broadband too, but it's clear that only a combination of tools, guidance and advice will bring the most effective results". Learn more about the solutions @EE is offering to online child-safety below. #tahawultech
Arabian Business
an hour ago
- Arabian Business
Sama X is empowering connectivity in the MENA region with satellite powered solutions
In many parts of the Middle East, North Africa, India, and Pakistan, reliable internet remains a distant promise. Sparse infrastructure, challenging geography, and natural disasters have long hampered traditional broadband deployment. Enter Sama X, a company that's not just bridging the digital divide but transforming how remote communities and industries connect to the world. Satellite-powered solutions As an authorised Starlink reseller, Sama X taps into SpaceX's vast constellation of over 7,000 low-Earth orbit (LEO) satellites to deliver high-speed, low-latency internet access where it's needed most. From remote oil fields to ships at sea, from disaster-stricken areas to fibre-starved regions, Sama X offers high-performance connectivity without the need for extensive on-ground infrastructure. This satellite-powered solution is a game-changer for communities and businesses that have long struggled with poor or non-existent coverage. 'We, at Sama X, are building on this foundation to deliver more than just internet access,' said Ramsey Khanfour, the CCO of Sama X. 'From supporting mission-critical operations in remote oil fields to enabling backup networks in both urban and rural places affected by fiber cuts or natural disasters, our solutions are built for responsiveness and resilience. Whether serving ships at sea or mines deep in the desert, we deliver high-performance connectivity with seamless integration'. The LEO advantage Traditional networks often require months of installation and heavy investment, but Starlink's LEO satellites, operating just a few hundred kilometres above Earth, deliver fast, reliable internet with latency as low as 30 milliseconds. By bringing these capabilities to the sky, Sama X empowers users to leapfrog outdated infrastructure entirely, allowing rapid deployment and exceptional performance in even the most remote settings. 'That leap in performance, combined with high data rates, means we can now power real-time applications, such as cloud computing, IoT networks, autonomous mobility, and high-frequency trading, from space,' said Khanfour. 'For businesses in remote locations or fast-changing environments, this is a game changer – they can get connected in hours, not weeks, without waiting for cable trenches, towers, or expensive satellite terminals requiring complex installations'. Recognising that no two users are the same, Sama X provides flexible, tailored connectivity packages to suit a wide range of needs. Whether you're a startup with a single site or a multinational spanning multiple regions, Sama X adjusts bandwidth, hardware, service levels, and local support accordingly. 'At Sama X, we work closely with our customers to understand their business and technical challenges. Our tailored package approach and flexible commercial and business model are designed to fit the customer, not the other way around'. Services include rapid delivery and installation, 24/7 Concierge Support, and real-time performance monitoring through the Sama X customer portal, ensuring that customers stay connected, informed, and in control. A hybrid approach Sama X doesn't just replace traditional networks, it enhances them. By integrating Starlink's satellite service with existing local infrastructure, Sama X offers a hybrid model that works as a reliable backup or even a primary connection where laying fibre simply isn't viable. This approach is particularly valuable for governments and enterprises operating across diverse terrains, ensuring secure and uninterrupted access to cloud services and critical data. The impact of Sama X extends far beyond basic connectivity. In healthcare, it enables telemedicine in rural clinics. In education, it brings online learning to isolated communities. In logistics, it supports real-time tracking and diagnostics. Maritime operations gain dependable offshore communication, and agriculture benefits from data-driven insights for smarter farming. 'As we look ahead, real-time monitoring, asset tracking, disaster recovery, and backup are key use cases in the short to mid-term' said Khanfour. 'Satellites' low latency and global reach will enable use cases such as smart agriculture as well as autonomous manufacturing and supply chain management. Further down the line, we anticipate a growing demand for autonomous vehicles and micro-mobility'. With each connection, Sama X is not just linking users to the internet, it's enabling innovation, inclusion, and growth. A future-ready vision As demand for satellite broadband accelerates, Sama X stands ready to lead the charge. Backed by cutting-edge technology and a deep understanding of local market needs, the company is building more than a network, it's shaping a digitally inclusive future for the regions it serves. 'The combination of Sama X and Starlink LEO capabilities allows for increased use of valuable digital enablers, such as cloud computing, automation, and AI, even in the most isolated locations, unlocking new opportunities and socio-economic gains,' said Khanfour.
