Mubadala’s Mamoura Engages Banks for Sukuk Issuance

Mubadala Investment Company’s financial arm, Mamoura Diversified Global Holdings, has initiated steps toward issuing a $10-year sukuk by appointing major banking institutions as joint bookrunners and coordinators. This planned issuance, valued at an anticipated $500 million, follows strong demand in the Islamic finance market and aligns with Mamoura’s strategic approach to expanding its funding sources through Islamic bonds.

Key financial entities onboard include Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), HSBC, and J.P. Morgan, each bringing expertise and global reach to this transaction. This move reflects Mamoura’s commitment to strengthening its debt portfolio by diversifying its investor base, especially in regions with high demand for sharia-compliant investments. Sukuks, which have shown stable performance even in fluctuating markets, offer a more secure asset-backed investment, aligning well with the UAE’s expanding interest in Islamic finance.