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The sukuk, issued via MAF Sukuk Ltd under the company’s $3 billion debt issuance programme, was priced at a profit rate of 4.875% and a yield of 4.955%. The notes were offered at a reoffer price of $99.375. Watch the Zawya video here:
Video: Majid Al Futtaim Properties prices $500mln 10-year sukuk
Majid Al Futtaim Properties (MAF) has priced its $500 million 10-year senior unsecured sukuk at a spread of US treasuries plus 95 basis points tightening from initial price thoughts of T+125bps as books exceeded $1.8 billion, including joint lead manager interest
October 17, 2025
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