Burjeel Holdings welcomed its first $500 million Sukuk to trade on the International Securities Market on Friday by celebrating the Market Open Ceremony at the London Stock Exchange (LSE). Sheikh Khalid Bin Saud Al Qasimi, Deputy Chief of Mission at the UAE Embassy in the UK, Dr. Shamsheer Vayalil, Chairman and CEO of Burjeel Holdings, the company’s leadership, and representatives from the London Stock Exchange were present at the occasion. The market launch comes after Burjeel Holdings successfully completed its first Sukuk under its $1.5 billion Senior Unsecured Sukuk Program, which was the company’s first foray into the global debt capital markets.
In addition to being the first Sukuk issued by a MENA healthcare provider since 2018, the deal drew significant participation from regional and international institutional investors. The group’s strategic initiatives and the refinancing of current debt will be funded by the Sukuk revenues. This milestone supports Burjeel’s goal to drive the next generation of healthcare as it continues to invest in cutting-edge clinical care, research, medical education, digital transformation, and AI-enabled healthcare innovation.
Dr. Vayalil stated, “Today’s ceremony marks an important chapter in Burjeel Holdings’ journey.” “It reflects how far we have come as an organisation and reinforces our commitment to building a healthcare platform that combines clinical excellence with long-term financial strength.”This milestone gives us a better basis to invest in our people, increase specialized healthcare services, and promote research, education, and innovation for the benefit of the communities we serve as we continue to develop throughout the region. International investors accounted for 61% of the final allocation of the $1.6 billion orderbook for Burjeel Holdings’ first Sukuk, which was issued under its $1.5 billion Sukuk Program. This represents a 3.2-fold oversubscription.
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