Mubadala Investment Company subsidiary Mamoura Diversified Global Holding has successfully issued an AED 1 billion sukuk with a 4.6% yield, aimed at enhancing liquidity and financing various growth projects as part of its expansion strategy. This sukuk provides investors with a Shari’ah-compliant alternative to traditional bonds and has garnered significant interest from a diverse array of institutional investors, highlighting the strong demand for Islamic financial products in the region.
This issuance is part of Mamoura’s ongoing strategy to improve financial flexibility and support capital expenditures, taking advantage of favorable market conditions. It falls under the existing AED 5 billion sukuk program initiated in 2021 for future projects and acquisitions. The Islamic finance sector has witnessed increasing traction, particularly in the Middle East, due to heightened interest in Shari’ah-compliant investments and the broad acceptance of sukuk.
Market analysts have noted a recent surge in sukuk issuances, with Mamoura’s successful placement likely inspiring other entities to pursue similar offerings. This issuance aligns with the UAE’s status as a leading sukuk hub, backed by a robust regulatory framework. With competitive pricing reflective of current market conditions, the sukuk offers semiannual payments, contributing to Mamoura’s long-term growth and fulfilling ESG principles. The continued appetite for sukuk among institutional investors indicates a shift towards responsible investment practices.