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Nasdaq Dubai has listed a USD 500 million Sukuk issued by MAF Sukuk Ltd., guaranteed by Majid Al Futtaim Holding LLC. The Sukuk, maturing in October 2035 with a profit rate of 4.875%, attracted an order book exceeding USD 2 billion, indicating strong global and regional investor interest. This issuance supports Majid Al Futtaim's corporate purposes and refinancing plans and reflects investor confidence in the company's financial strength and capital management strategy. The listing contributes to Nasdaq Dubai's total outstanding debt securities, which now exceed USD 145 billion. The event was marked by a market-opening ceremony attended by key executives from Majid Al Futtaim and Nasdaq Dubai.
Takaful Emarat Insurance (P.S.C) is a public shareholding company based in Dubai, United Arab Emirates, registered under Federal Law No. 48 of 2023 and listed in the insurance companies register since 14 October 2008. The company is set to hold a board meeting on Wednesday, 17 December 2025, at 4:00 PM to discuss business updates and other matters. The meeting details are authorized and signed by Adnan Sabaalaish, the Chief Executive Officer, on 13 December 2025.