The UAE healthcare giant debuts its first Islamic bond on the LSE after drawing immense global investor interest and oversubscription.
LONDON: Burjeel Holdings, a leading healthcare services provider in the MENA region, officially launched the trading of its debut $565 million (approx. ₹4,708 crore) Sukuk bond on the London Stock Exchange (LSE). The trading commenced following a prestigious ‘Market Open’ ceremony led by the Group’s Chairman and Founder, Dr. Shamsheer Vayalil.
The debut Islamic bond issued by Abu Dhabi-listed Burjeel Holdings has officially commenced trading on the International Securities Market (ISM) of the London Stock Exchange. The listing follows a historic ‘Market Open’ ceremony attended by Sheikh Khalid bin Saud Al Qasimi, Deputy Chief of Mission at the UAE Embassy in the UK, alongside Dr. Shamsheer Vayalil, Chairman of Burjeel Holdings, and senior LSE executives.
This issuance marks a major milestone as the first healthcare Sukuk from the Middle East and North Africa (MENA) region since 2018. It is also the first corporate bond issue from the UAE following recent macroeconomic and regional challenges, reflecting resilient global investor confidence in the region’s corporate sector.
The $565 million dollar-denominated Sukuk is part of an overarching $1.7 billion (approx. ₹14,124 crore) Sukuk program. Issued with a five-year maturity period, the bond carries a yield rate of 7.125%. It secured stable credit ratings of ‘BB+’ from S&P and ‘Ba2’ from Moody’s.
Demonstrating strong investor trust, the order book was oversubscribed by more than 3.2 times, attracting a total demand exceeding $1.8 billion (approx. ₹15,066 crore). The placement saw widespread global participation, with 61% of the demand originating from international investors outside the Gulf Cooperation Council (GCC)—comprising the UK (34%), US offshore accounts (24%), and other international hubs (3%). The remaining 39% was secured by regional investors within the GCC.
Dr. Shamsheer Vayalil emphasized that the successful LSE listing opens a significant new chapter for Burjeel Holdings’ international expansion. He noted that the capital raised reflects the group’s unwavering commitment to clinical excellence and long-term financial stability as it transforms into a world-class healthcare delivery network.
The net proceeds from this global capital market debut will be utilized to optimize the group’s capital structure by refinancing existing debt maturities, as well as to fund strategic growth initiatives. This includes accelerating its expansion into advanced specialized medical care, clinical research, and integrating next-generation medical technologies such as artificial intelligence (AI) across its network.
Burjeel Holdings currently operates an expansive network of 89 healthcare facilities, including 20 premium hospitals and 41 medical centers, spread across the UAE, Oman, and Saudi Arabia.
