Dubai-based developer Omniyat Holdings has mandated banks for a US dollar-denominated five-year Regulation S benchmark sukuk, marking its return to the international Islamic debt capital markets.
Omniyat is rated BB- by S&P and BB- by Fitch, both with stable outlooks. The senior unsecured certificates are expected to carry the same ratings and will be issued under the company’s $2B Trust Certificate Issuance Programme.
Abu Dhabi Commercial Bank, Citi, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, JP Morgan, Mashreq and Standard Chartered Bank have been appointed joint global coordinators.
Ajman Bank, Arab African International Bank, Arab Bank, Bank of Sharjah, RAKBANK and Sharjah Islamic Bank will act as joint lead managers and joint bookrunners.
Fixed income investor calls are set to commence on 23 February 2026, with the sukuk expected to be listed on the London Stock Exchange’s International Securities Market and Nasdaq Dubai.
FCA/ICMA stabilisation rules will apply.
The issuance follows Omniyat’s $900M fundraising in 2025 through two sukuk transactions, underscoring continued access to regional and international Shariah-compliant liquidity amid sustained demand for UAE real estate credit.
Stay Up to Date with the Latest Updates at Finance ME!
CBUAE Issues Guidance Note for Ethical Use of AI in the Financial SectorÂ
