NASDAQ Dubai welcomed the issuance of $500 million sukuk by Majid Al Futtaim Sukuk Limited, as part of the company's strategy to expand its presence in international capital markets in Dubai. These sukuk, guaranteed by Majid Al Futtaim Holding, demonstrate the group's commitment to accessing diverse segments of global investors through Dubai's internationally compliant market infrastructure. The sukuk, which mature on October 22, 2035, with a profit rate of 4.875%, attracted strong investor interest, with subscription orders exceeding $2 billion. The sukuk have been rated 'BBB' by both Standard & Poor's and Fitch, and will support Majid Al Futtaim's objectives.
