Estithmar Holding announced the establishment of a QR3.4bn Trust Certificate Issuance Programme for trust certificates to be issued by Estithmar Sukuk Limited.
The programme, which has been rated ‘qaBBB’ with a stable outlook at the national scale, is expected to be admitted to the London Stock Exchange’s International Securities Market (ISM).
The establishment of the programme is in line with Estithmar Holding's regional and international business expansion plan in key strategic growing sectors as it aims to attract additional funds that will further support the company's strategic planned financial growth.
The programme, which is designed to support the company's multifaceted ventures in Qatar, Iraq, Algeria, Kazakhstan, Maldives, and beyond, reflects the organisation's commitment to sustained growth and reinforcing its position as a strategic player in key growing sectors such as healthcare and hospitality in the global landscape.
Mohamed bin Badr al-Sadah, Group CEO, Estithmar Holding, commented on the launch of this programme, stating: "We are excited to announce the launch of this programme, which plays an instrumental role in our growth journey and further increasing value for our investors through strategic sectors in growing markets in Qatar and beyond.”
Estithmar Holding's sukuk programme, which has been rated ‘qaBBB’ with a stable outlook at the national scale, is expected to be admitted to the London Stock Exchange’s International Securities Market
