Prime Highlights
- S&P assigned Burjeel a BB+ rating and Moody’s a Ba2 rating, both with a Stable outlook.
- The $1.5 billion Sukuk Programme gives Burjeel shariah-compliant access to global debt capital markets.
Key Facts
- Burjeel Holdings is a GCC-based super-specialty healthcare provider listed on the Abu Dhabi Securities Exchange.
- The Sukuk Programme was established through Burjeel Sukuk Limited and admitted to the London Stock Exchange’s International Securities Market.
Background
Burjeel Holdings, a super-specialty healthcare services provider listed on the Abu Dhabi Securities Exchange, has received its first corporate credit ratings from S&P Global Ratings and Moody’s Ratings. The company simultaneously launched a $1.5 billion Senior Unsecured Sukuk Programme.
S&P Global Ratings assigned Burjeel Holdings a BB+ issuer credit rating with a Stable outlook, while Moody’s assigned a Ba2 corporate family rating, also with a Stable outlook. The ratings are supported by the group’s strong market position in Abu Dhabi, increasing presence in the UAE, Saudi Arabia, and Oman, profitability through its Burjeel Hospital franchise, and improved liquidity profile.
The Sukuk Programme was established through Burjeel Sukuk Limited, a special purpose vehicle admitted to the London Stock Exchange’s International Securities Market. The shariah-compliant platform gives Burjeel Holdings flexible access to debt capital markets, supporting its strategy to diversify funding sources and pursue investments in advanced clinical care, medical education, digital transformation, and AI-enabled healthcare innovation.
Chairman and CEO Dr Shamsheer Vayalil said the first-time ratings reflect the strength of the group’s platform, disciplined financial policy, and resilience of its operating model. He added that the Sukuk Programme enhances financial flexibility while supporting the UAE’s ambition to become a global centre for healthcare excellence.
Burjeel Holdings still derives advantage from favorable healthcare trends in the GCC region, such as demographic expansion, mandatory health insurance, increased need for specialized treatments, and the burgeoning medical tourism industry.
