Abu Dhabi Market welcomes the listing of the first green sukuk denominated in dirhams

Today, Wednesday, the Abu Dhabi Securities Market listed green sukuks worth 1.3 billion dirhams issued by First Abu Dhabi Bank.

Sharjah 24 – WAM:

Today, Wednesday, the Abu Dhabi Securities Market announced the listing of green sukuks worth 1.3 billion dirhams issued by First Abu Dhabi Bank. This represents the fifth listing of a green debt instrument in the market.

First Abu Dhabi Bank is the largest bank in the United Arab Emirates and one of the largest financial institutions in the world, with total assets amounting to 1.2 trillion dirhams.

This issuance, which is the largest of its kind for a sukuk denominated in the UAE dirham, and at the lowest pricing for an Emirati financial institution, aims to support the UAE’s goals in advancing a green, diversified and flexible economy.

Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Market, explained: We are pleased to welcome First Abu Dhabi Bank’s listing of green sukuks, confirming our commitment to green investments and sustainable financing. He continued: At the Abu Dhabi Securities Market, we focus on providing investors with access to innovative and diverse options that serve their needs. It meets their long-term goals, and this strategy not only works to create opportunities for investors, but also contributes to achieving the goals of economic diversification and sustainability in the United Arab Emirates.

For her part, Hanaa Al Rostamani, CEO of First Abu Dhabi Bank Group, indicated that this listing represents an important achievement in the green and Islamic finance sectors in the United Arab Emirates, and provides many investment opportunities that will allow achieving fruitful results on the social and environmental levels. She added that it is considered a bank. First Abu Dhabi is the pioneer of sustainable finance in the region, which was embodied in its launch of the first green bonds in 2017 and its issuance today of the first green debt instrument denominated in the dirham. The listing of our green bonds denominated in the UAE dirham on the Abu Dhabi Securities Market contributes to consolidating our pioneering position and enhancing Abu Dhabi’s position as a global financial center and platform. For innovation in capital markets.

Last month, the Abu Dhabi Securities Market listed the green bonds of the Abu Dhabi Future Energy Company (Masdar) worth $750 million, which was preceded by the listing of green bonds worth $1 billion by the Abu Dhabi National Energy Company (Taqa). It was also preceded, last year, by the listing of green bonds worth $1 billion. A green project worth $700 million by Sweihan Solar Photovoltaic Energy Company.