30/10/2026
Arada Developments, rated B1 by Moody’s and B+ by Fitch, has successfully returned to the global debt markets via a successful issuance of a $400 million Senior Unsecured Sukuk, which has been listed on the London Stock Exchange and Nasdaq Dubai.
The transaction marks the first issuance by a UAE real estate developer since the outbreak of the regional conflict in February 2026, highlighting Arada’s credit strength via the company’s continued access to international debt capital markets despite heightened geopolitical uncertainty and a volatile market backdrop.
The offering attracted strong demand from regional and international investors, with the final order book closing in excess of $700 million, excluding Joint Lead Manager interest.
Arada Developments LLC (“Arada”), rated B1 by Moody’s and B+ by Fitch, has successfully returned to the global debt markets via a successful issuance of a $400 million Senior Unsecured Sukuk, which has been listed on the London Stock Exchange and Nasdaq Dubai. The transaction marks the first i...