UAE developer giant Arada issues 4x oversubscribed $450m bond on Dubai stock exchange with $2b orders
Nasdaq Dubai listed a USD 450 million Sukuk by Arada Developments LLC, maturing in 2030 with a 7.15% profit rate, oversubscribed over four times. This marks Arada’s third Sukuk listing, totaling USD 1.5 billion on the exchange. The strong demand highlights investor confidence and supports Arada’s expansion plans in the UAE and international markets.
Nasdaq Dubai listed a USD 450 million Sukuk by Arada Developments LLC, maturing in 2030 with a 7.15% profit rate, oversubscribed over four times. This marks Arada’s third Sukuk listing, totaling USD 1.5 billion on the exchange. The strong demand highlights investor confidence and supports Arada’s expansion plans in the UAE and international markets.
