Arada Lists USD 450 Million Sukuk On Nasdaq Dubai Exchange

Nasdaq Dubai has welcomed the listing of a USD 450 million Sukuk issued by Arada Developments LLC, one of the leading master developers in the UAE. The Sukuk is part of Arada Sukuk 2 Limited’s USD 1 billion Trust Certificate Issuance Programme and will mature in 2030.

Strong Investor Demand

The offering was oversubscribed more than four times, with over USD 2 billion in orders from both regional and international investors. The Sukuk was priced at a profit rate of 7.150%, reflecting strong confidence and appetite from the investment community.

Arada’s Sukuk Track Record

With this new listing, Arada’s total outstanding Sukuk on Nasdaq Dubai now stands at USD 1.5 billion across three separate transactions. This highlights the company’s established track record in the debt capital markets and demonstrates its ability to attract global investors consistently.

Market-Opening Ceremony

HRH Prince Khaled bin Alwaleed bin Talal Al Saud, Executive Vice Chairman of Arada, rang the market-opening bell at Nasdaq Dubai to mark the Sukuk listing. The ceremony was attended by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), highlighting the significance of the event for both the company and the exchange.

Statement From Arada Leadership

Prince Khaled said, “We are delighted to be returning to Nasdaq Dubai for the listing of our third Sukuk, which reflects the continued rise in international investor confidence in Arada. Since our last issuance, we have expanded into two new markets and continue to achieve record results across launches, sales, and deliveries. This strong performance has underpinned significant global demand for our Sukuk programme and reinforces our position as one of the region’s fastest-growing master developers.”

Nasdaq Dubai Perspective

Hamed Ali noted, “Arada’s return to Nasdaq Dubai reaffirms the depth and diversity of our Sukuk market. The strong investor demand reflects issuer confidence and enhances the range of opportunities available to our global investor base. As the region’s international exchange, we remain committed to connecting issuers with global capital and supporting the growth journey of leading UAE corporates, while advancing Dubai’s position as a premier hub for Islamic finance.”

Supporting Strategic Expansion

The listing will support Arada’s strategic growth plans, enabling the company to capitalise on opportunities both within the UAE and internationally. The funds raised through the Sukuk will help finance new projects, expand operations, and strengthen the company’s position in the real estate market.

Growth Of Nasdaq Dubai’s Sukuk Market

With this new listing, the total value of Sukuk listed on Nasdaq Dubai has reached USD 100.6 billion. Overall, the value of debt securities on the exchange now exceeds USD 141.6 billion, reflecting the exchange’s strong position as a global hub for Islamic finance and debt capital markets.

Impact On Investors And Market

The oversubscription of Arada’s Sukuk shows strong investor confidence in UAE-based developers and the region’s debt markets. Investors benefit from competitive profit rates and the security offered by Sharia-compliant instruments, while companies gain access to global capital to fund strategic projects.

Arada’s successful listing on Nasdaq Dubai sets a positive precedent for future issuances by UAE corporates. It demonstrates the continued growth of the Sukuk market and its ability to attract international investment. As Arada expands its developments and enters new markets, the company is expected to play a key role in shaping the UAE real estate and investment landscape.