The issuance also represents the first sukuk by a MENA healthcare provider since 2018
13 July, 2026
The sukuk was rated BB+ by S&P Global Ratings and Ba2 by Moody’s Ratings
29 June, 2026
Majid Al Futtaim now has $2.2bn in Sukuk listed on Nasdaq Dubai across four instruments
15 December, 2025
Proceeds from the issuance will partly fund a tender offer of up to $100m for Arada’s outstanding 2027 Sukuk, with the remainder earmarked for general corporate purposes
29 July, 2025
The sukuk, which matures in 2029, was oversubscribed three times, with an orderbook reaching $1.54bn
14 May, 2025
The $1.5bn sukuk, issued on the International Securities Market of the London Stock Exchange, matures on May 6, 2035
07 May, 2025
The sukuk was issued under the sukuk programme by RAK Capital, a special purpose vehicle affiliated with the government of Ras Al Khaimah
07 March, 2025
Strong investor demand allowed The Arab Energy Fund to increase the issuance from an initial $500m to $650m, with final book orders exceeding $935m
28 February, 2025
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