Qatar: Estithmar Holding has announced a QAR 3.4 billion Trust Certificate Issuance Programme, signalling a strategic move to attract additional funds and facilitate the company’s planned financial growth. The program, designed to issue trust certificates through Estithmar Sukuk Limited LLC, has received a credit rating of qaBBB with a stable outlook at the national scale.
This solid credit rating highlights the company’s commitment to maintaining a moderate credit quality for the issued certificates. Estithmar Holding is eyeing international exposure by seeking admission to the London Stock Exchange’s International Securities Market (ISM), showcasing a keen interest in tapping into a broader investor base.
Moreover, this financial move aligns with Estithmar Holding’s broader regional and international business expansion plan. The company is strategically targeting key growing sectors in diverse countries such as Qatar, Iraq, Algeria, Kazakhstan, and the Maldives. This geographic diversity shows Estithmar Holding’s intent to diversify its business operations and establish a global footprint.
Eng. Mohamed Bin Badr Al-Sadah, Group CEO of Estithmar Holding, expressed enthusiasm about the program’s launch. He highlighted its instrumental role in the company’s growth journey, stating, “We are excited to announce the launch of this program, which plays an instrumental role in our growth journey and further increasing value for our investors through strategic sectors in growing markets in Qatar and beyond.”
What sets this program apart is its multifaceted approach to business ventures, emphasizing sustained growth and reinforcing Estithmar Holding’s position as a strategic player in key sectors. Furthermore, the company specifically aims to make an impact in growing sectors such as healthcare and hospitality on a global scale. This focus on strategic sectors demonstrates a forward-thinking approach to market trends and opportunities. Whereas the geographical emphasis on countries spanning from the Middle East to Central Asia indicates a comprehensive global perspective in Estithmar Holding’s expansion strategy. Backed by a robust credit rating, a scheduled listing on the ISM, and a targeted approach to critical sectors across various markets, Estithmar Holding is positioned to draw in extra funds and also strengthen its position as a strategic force in the global business arena.