Qatar’s Estithmar Holding sets up $934mln certificate sukuk programme

Qatar’s Estithmar Holding sets up $934mln certificate sukuk programme

Qatari investment company Estithmar Holding has set up a 3.4 billion riyal ($934 million) Shari’a compliant trust certificate programme for trust certificates to be issued by Estithmar Sukuk Limited LLC, a special purpose company (SPC) incorporated in the Qatar Financial Centre. It is expected to be admitted to the London Stock Exchange’s International Securities Market (ISM), the holding company said in a regulatory filing on the Qatar Stock Exchange on Tuesday. The programme was first approved by Estithmar's board in November 2022. It has been rated qaBBB, with a stable outlook by Capital Intelligence Ratings Ltd (CI), it added. (Writing by Brinda Darasha; editing by Bindu Rai) [email protected] Qatar’s Estithmar Holding sets up $934mln certificate sukuk programme