Senaat issues $300m sukuk with dual listing

UAE-based industrial investment holding company Senaat has issued a dollar-denominated RegS sukuk worth $300 million (Dh1.1 billion).

The fixed-rate unsecured sukuk, with a seven-year tenor, will be dually listed in London and Abu Dhabi.

Jamal Salem Al Daheri, CEO of Senaat, said: “Senaat always seeks to manage its capital structure with maximum efficiency, and the new sukuk is the latest evidence of the excellence of assets, and the ability of the board of directors and the quality of the management team of the company.” (Staff Report)