Linklaters has advised the dealers and joint lead managers on Burjeel Holdings PLC’s (Burjeel Holdings) establishment of its $1.5bn senior unsecured sukuk programme and inaugural issuance $500m Regulation S five-year senior unsecured sukuk due 2031. The transaction marks the first sukuk offering by a MENA healthcare provider since 2018 and the first United Arab Emirates corporate offering amid recent geopolitical developments in the region.
Burjeel Holdings is a leading super speciality healthcare group in the Gulf Cooperation Council. The offering attracted significant demand from high quality international and regional investors.
A Linklaters team led by partner Jonathan Fried and counsel Sergey Shiposha advised on the transaction, supported by managing associate Declan McGrath, associate Nasreen Hago and trainee solicitor Christopher Tobaiwa. Our capital markets team in the Middle East advises many of the region’s leading market participants on significant and complex capital markets transactions. The team is consistently ranked in the top tier by the major legal directories and has been recognised as the best capital markets team twice in the past three years.
This transaction further highlights Linklaters’ strong track record in advising on high-yield sukuk in the UAE, including all of Damac Real Estate Development Limited’s sukuk issuances since 2022, as well as Ittihad International Investment LLC’s $100m additional sukuk issuance in 2024 and its $550m sukuk issuance in 2025.
