Estithmar Holding Celebrates Major Sukuk Listing on Global Stage

Estithmar Holding Marks Historic Sukuk Listing

In a significant advancement for both Estithmar Holding and the financial sector, the company has recently celebrated the listing of its first corporate Sukuk in Qatari Riyals on the prestigious London Stock Exchange. This milestone event marks a remarkable first for the exchange, highlighting the growing international presence of Qatari financial instruments.

Cultural and Economic Significance

The listing ceremony was attended by several prominent figures, including Eng. Mohammed bin Bader Al-Sada, the Group CEO of Estithmar Holding. His presence, alongside key executives and various media representatives, underscores the importance of this occasion. This initiative not only showcases Estithmar Holding's commitment to its growth strategy but also acts as a beacon for the confidence placed in Qatar's economic landscape.

Corporate Sukuk Overview

Estithmar Holding has successfully issued a corporate Sukuk worth QAR 500 million, boasting a competitive annual profit rate of 8.75%. This issuance represents the first tranche of a larger QAR 3.4 billion Sukuk program, which has attracted considerable interest from a diverse array of investors, including banks, insurance firms, and asset management companies.

Leadership and Future Prospects

During the event, Eng. Mohammed bin Bader Al-Sada emphasized the significance of this Sukuk to the Qatari economy. He stated, "This issuance demonstrates confidence in Qatar's robust economy and highlights the ability of the Qatari private sector to expand both domestically and internationally. Government initiatives create an environment where companies can thrive and grow."

Strategic Importance of Sukuk Program

Al-Sada further elaborated on the importance of the Sukuk issuance as a key milestone for Estithmar Holding. He remarked that the company operates across seven countries and four sectors, highlighting the strategic nature of the Sukuk program. It serves as a fundamental pillar in their expansion strategy and is integral to creating further value.

Collaborative Efforts in the Ceremony

The ceremony was attended by key representatives from various leading banks and financial institutions. This included Mr. Mohammed Ismail Al-Emadi, CEO of Lisha Bank, and other notable figures from Dukhan Bank, Al Rayan Investment, and The First Investor, showcasing a collaborative effort across the finance sector.

Conclusion

In conclusion, Estithmar Holding's recent Sukuk listing on the London Stock Exchange represents not just a triumph for the company but also signifies a growing trust in the Qatari economy. As the company continues its journey of international expansion and value creation, this listing will undoubtedly play a crucial role in its future endeavors.

Frequently Asked Questions

What is a Sukuk?

A Sukuk is an Islamic financial certificate, similar to a bond, that complies with Sharia law and represents a share in an asset or business. This structure allows investors to earn returns without engaging in interest-based financing.

How does Estithmar Holding benefit from the Sukuk listing?

The Sukuk listing allows Estithmar Holding to raise significant capital for its expansion plans while providing investors with a way to invest in a secure and compliant financial instrument.

What is the significance of the QAR 500 million Sukuk issuance?

The QAR 500 million issuance is the first tranche in a larger Sukuk program, demonstrating both high market interest and the company's ongoing growth strategy in various international markets.

Who attended the listing ceremony?

The ceremony was attended by key executives from Estithmar Holding, representatives of various banks, and media professionals, underscoring the event's significance in the financial community.

Can other companies follow Estithmar Holding's lead?

Yes, the successful listing of Estithmar Holding's Sukuk could serve as a model for other companies seeking to enter international markets using Sharia-compliant financing options, thus enhancing their growth potential.

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