Estithmar Holding Lists First Corporate Sukuk in Qatari Riyals on London Stock Exchange

Estithmar Holding Q.P.S.C. celebrated this morning the listing of its first Sukuk in Qatari Riyals on the London Stock Exchange, at the Stock Exchanges headquarters. This is the first time that London Stock Exchange has witnessed listing in Qatari riyals. The market open ceremony for the listing of Estithmar Holding Sukuks was attended by CEO of Estithmar Holding, Eng. Mohammed bin Bader Al-Sada, in addition to key executives from the company and London Stock Exchange. Recently, Estithmar Holding announced its successful issuance of the first corporate Sukuk denominated in Qatari Riyals, worth QAR 500 million, with an annual profit rate of 8.75%. This issuance is the inaugural tranche of Estithmar Holdings QAR 3.4 billion Sukuk program which earned great interest from investors and governmental and non-governmental institutions. Commenting on the event, Eng. Al Sada said, "this issuance demonstrates confidence in Qatar's robust economy and highlights the ability of the Qatari private sector to expand both domestically and internationally, with support from government initiatives that create a seamless environment where companies can develop and thrive" Source: Qatar News Agency