Bonds & Credit Rating

Established in 2011, our USD 3bn Global Medium Term Note Programme currently has no outstanding securities. The programme is listed on the Euronext Dublin and NASDAQ Dubai.

Our USD 3bn Trust Certificate Issuance Programme has USD 2.2 bn of Sukuk certificates outstanding, including the two Green Sukuk instruments issued in 2019. The notes have maturities ranging from November 2025 to June 2033. The programme is listed on the Euronext Dublin and NASDAQ Dubai.

We have USD 900mn of Subordinated Perpetual Notes outstanding; USD 500mn issued in June 2022 and USD 400mn issued in March 2018. The notes are listed on the Euronext Dublin and NASDAQ Dubai.

With a BBB credit rating from Standard and Poor’s Ratings, we continue to be the highest rated private company from the region.

With a BBB credit rating from Fitch Ratings, we continue to be the highest rated private company from the region.

Majid Al Futtaim has opted to develop a Green Finance Framework, under which it may issue Green Bonds or Green Sukuk as part of its commitment to leadership in sustainability in the global marketplace. The Framework has been designed in accordance with the Green Bond Principles 2018.