Riyad Capital Issues $133M Sukuk for Sumou Global Investment

Riyad Capital Issues $133M Sukuk for Sumou Global Investment

Riyad Capital said on Sunday that it raised $133.3 million (SAR 500 million) by issuing Sukuk for Sumou Global Investment Company.

Details of the Sukuk

The Sukuk is senior secured, has a 3-year term, and pays an 8.5% return every quarter. The offering was first planned at $80 million (SAR 300 million) but was increased to $133 million because of strong demand.

Investors, both individuals and institutions, subscribed to almost double the amount offered. Riyad Capital managed the deal as the sole arranger and bookrunner.

Riyad Capital’s CEO, Abdullah Alshwer, said the strong demand shows investors’ confidence in Saudi Arabia’s real estate sector, which is important to the Kingdom’s Vision 2030 economic plan.

Sumou Global Investment’s CEO, Abdulrahman Al Qahtani, said the Sukuk helps diversify the company’s funding, support growth, and set a standard for future issuances.

Founded in 2022, Sumou Global Investment is fully owned by Sumou Holding Company. It focuses on real estate projects such as land development, infrastructure, mixed-use projects, and hospitality.

Sukuk Market Outlook

S&P Global expects the global Sukuk market to perform strongly in 2025, with total issuances reaching $190–200 billion. Sukuk in foreign currencies may add another $70–80 billion to this total.

Published: 1st September 2025

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