Strong demand for Mashreq's sukuk

Dubai headquartered Mashreq secured an order book of $2.9 billion for its first $500 million five-year sukuk, with a profit rate of 5.03 per cent annually.

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The offering also marks Mashreq's return to the debt capital markets, following its last one in 2024. It is also the first deal from the Central and Eastern Europe, Middle East and Africa (CEEMEA) region since the announcement of US tariffs.