Estithmar Holding launches sukuk program

Estithmar Holding QPSC has announced the establishment of a QR3.4bn Trust Certificate Issuance Program for trust certificates to be issued by Estithmar Sukuk Limited LLC.

The establishment of this program 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 Program 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 program, which is designed to support the company's multifaceted ventures in Qatar, Iraq, Algeria, Kazakhstan, Maldives, and beyond, reflects the organization's commitment to sustained growth and to reinforcing its position as a strategic player in key growing sectors such as healthcare and hospitality in the global landscape.

Eng Mohamed Bin Badr Al-Sadah, Group CEO of Estithmar Holding, commented on the launch of this Program, stating, "We are excited to announce the launch of this program, 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.”