DUBAI, United Arab Emirates – Feb. 13, 2026 – A team from global law firm Greenberg Traurig acted for the joint lead managers on Binghatti Holding Limited’s (Binghatti) Sukuk issuance of US$500 million Trust Certificates due in 2031.
The Sukuk were issued by Binghatti Sukuk 2 SPV Limited under its US$1.5 billion Trust Certificate Issuance Programme (the programme), with Binghatti acting as obligor. The Sukuk are senior unsecured obligations and are listed on the International Securities Markets of the London Stock Exchange and Nasdaq Dubai. The Ijara/Murabaha Sukuk were rated BB- by Fitch. The proceeds will be used for general corporate purposes.
The Sukuk were priced Feb. 5 with a five-year-and-six-months tenor, with the order book exceeding 4.4 times the target issuance size, representing strong investor demand and the overall market impact of Binghatti’s issuances. The Greenberg Traurig team previously acted on Binghatti’s US$500 million, five-year 2030 Sukuk, which was awarded CEEMEA Corporate Bond Issuance of the Year for 2025 by GlobalCapital.
Binghatti is one of the fastest-growing real estate developers in the United Arab Emirates, known for its bold architectural designs and prime projects. With over 60 developments valued at AED 40 billion and 25,000 units delivered by 2024, it collaborates with luxury brands to offer branded residences that combine global luxury with modern living.
The team from Greenberg Traurig’s Dubai office was led by Capital Markets Shareholder Alex Roussos, Senior Associate James Osun-Sanmi, Practice Group Attorney Katie Phillips and Paralegal Oshin Maheshwari.
“Advising on this deal follows on from a series of issuances by Binghatti, and we have had the pleasure of advising on three issuances for Binghatti over the past seven months, demonstrating the strong investor demand and the impact that they have clearly demonstrated in the market. With more than 700 real estate lawyers worldwide, Greenberg Traurig’s Real Estate Practice is a cornerstone of the firm and a recognized industry leader, well-positioned to guide clients through their real estate deals worldwide,” Roussos said.
Greenberg Traurig launched in the Middle East in 2023 with offices in Riyadh and Dubai. Since then, the firm has been growing steadily in the region, adding an office in Abu Dhabi in 2025 and planting key roots in the industries and business sectors most active in the Middle East, including real estate, infrastructure and transportation, energy and natural resources, hospitality, finance and restructuring, mergers and acquisitions, private equity, private credit, sports and entertainment — including venue, talent, entertainment, licensing, and other needs — capital markets, and arbitrations and disputes.
Greenberg Traurig’s Riyadh office is operated by Greenberg Traurig through Greenberg Traurig Khalid Al-Thebity Law Firm. Greenberg Traurig’s Dubai office is operated by Greenberg Traurig Limited. Greenberg Traurig’s Abu Dhabi office is a branch of Greenberg Traurig, P.A.