Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Economy

Estithmar Holding QPSC Successfully Issues QAR 500 Million Sukuk

by
August 29, 2024
in Economy, Investing
0
Estithmar Holding QPSC Successfully Issues QAR 500 Million Sukuk
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Last Updated on:

This milestone marks the first corporate Sukuk in Qatari Riyal

Estithmar Holding QPSC is thrilled to announce the successful issuance of a QAR 500 million Sukuk, marking the first corporate Sukuk to be issued in Qatari Riyal. This issuance represents the first tranche of its QAR 3.4 billion Sukuk programme, which is listed on the London Stock Exchange’s International Securities Market (ISM).

The 3-year Sukuk offers an attractive 8.75% coupon and has drawn significant interest from a diverse group of institutional investors, including both governmental and non-governmental organisations. The investor base includes banks, insurance companies, and asset managers, with settlement expected within five days.

The Sukuk programme has been rated qaBBB (stable) on the Qatar National Scale by Capital Intelligence. Al Rayan Investment LLC, The First Investor QSCC, and Lesha Bank LLC acted as Joint Lead Managers (JLMs) for this issuance.

This issuance is a significant milestone for Estithmar Holding QSPC, underscoring the company’s ability to diversify its funding sources and support its long-term strategic growth ambitions.

Eng. Mohamad Bin Badr Al-Sadah, Group CEO of Estithmar Holding, said: “The issuance of the first corporate QAR-denominated Sukuk is a historic milestone for Estithmar Holding. Being listed on the London Stock Exchange’s International Securities Market, this issuance has garnered significant interest from a diverse mix of investors.

This broad investor appetite is a testament to the confidence in our strategic growth plan across all four of our key divisions: healthcare, services, ventures, and specialised contracting.

The healthcare sector within Estithmar Holding has seen remarkable growth, particularly with the progress of The View Hospital in collaboration with Cedars Sinai and the opening of the Korean Medical Center KMC. Our commitment to delivering world-class healthcare services to Qatar and the region is also bolstering medical tourism, with regional expansion through operating two hospitals in Iraq and the upcoming completion of the Algerian-Qatari-German Hospital in Algeria. Estithmar Holding currently owns and operates facilities with a total capacity exceeding 2000 beds.

Additionally, our services sector, including facilities management, catering, and resource supply, continues to expand both within Qatar and abroad.

Our ventures sector is poised for significant success with major projects such as the Rosewood Resort in the Maldives and Rixos in Baghdad nearing completion, alongside the ongoing development of our touristic ventures in Qatar, such as Al Maha Island, Katara Hills, and Maysan Doha, among others.

Our specialised contracting sector is also witnessing substantial growth, particularly in the Kingdom of Saudi Arabia, where our market share has expanded significantly through key strategic projects.

The success of the Sukuk programme is a key part of our broader growth strategy, which aims to generate increasing value for our shareholders and solidify Estithmar Holding’s leadership across all its sectors.”

ShareTweetPin

Related Posts

Seabed Mining Heats Up as Lockheed Martin Courts Interest in Pacific Licenses
Investing

Seabed Mining Heats Up as Lockheed Martin Courts Interest in Pacific Licenses

July 16, 2025
Rule Symposium 2025: Gold, Geopolitics and the Real Asset Uprising
Investing

Rule Symposium 2025: Gold, Geopolitics and the Real Asset Uprising

July 16, 2025
Gold Price Update: Q2 2025 in Review
Investing

Gold Price Update: Q2 2025 in Review

July 15, 2025
AI Market Update: Q2 2025 in Review
Investing

AI Market Update: Q2 2025 in Review

July 15, 2025
Silver Crown Royalties Closes Final Tranche of its Non-Brokered Private Placement
Investing

Silver Crown Royalties Closes Final Tranche of its Non-Brokered Private Placement

July 14, 2025
Tech 5: NVIDIA Hits Market Cap Milestone, Harmonic Raises US$100 Million
Investing

Tech 5: NVIDIA Hits Market Cap Milestone, Harmonic Raises US$100 Million

July 14, 2025
Next Post
Scrap 5p fuel duty cut as drivers miss out on savings, says RAC

Scrap 5p fuel duty cut as drivers miss out on savings, says RAC

Recommended

Budget gap widens in September

Budget gap widens in September

October 24, 2024
Philippines to continue participating in IMF lending operations

Philippines to continue participating in IMF lending operations

August 21, 2024
Philippine Senate urged to investigate suspected Chinese submersible drone

Philippine Senate urged to investigate suspected Chinese submersible drone

January 6, 2025
New Report by UK Charity Warns of Significant Health Risks for Human Space Travelers

New Report by UK Charity Warns of Significant Health Risks for Human Space Travelers

October 25, 2024
Education as the equalizing reform

Education as the equalizing reform

October 27, 2024
Stronger peso likely to hurt exports, services

Stronger peso likely to hurt exports, services

September 23, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved