Abu Dhabi Islamic lists the first dollar-denominated green sukuk

Abu Dhabi (Etihad)

Abu Dhabi Islamic Bank announced the listing of the world’s first green sukuk denominated in US dollars on the Abu Dhabi Securities Market, the second largest financial market in the Middle East in terms of market value.
The Abu Dhabi Securities Market welcomed the inclusion of green sukuks from Abu Dhabi Islamic Bank to its growing group of green financing instruments. The listing of these green instruments, worth US$500 million, coincides with the holding of the COP28 Conference of the Parties.
It is expected to contribute to economic diversification and sustainability efforts in the UAE, and also aims to support the country’s goals in leading the green and sustainable economy scene. To celebrate this successful listing, the executive management team at Abu Dhabi Islamic Bank participated in the ringing ceremony for the opening of the trading sessions at the Abu Dhabi Securities Market, in the presence of Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Market.
Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Market, said: We are pleased that Abu Dhabi Islamic Bank has chosen the Abu Dhabi Securities Market to list the first green sukuk in the world denominated in US dollars, which reflects the increasing demand in the market for sustainable investments and green debt instruments, and as a reliable platform for trading and investment. In stocks and bonds, at Abu Dhabi Securities Exchange we recognize our role in enabling green finance and supporting investors with financial tools and services that align with their sustainability goals.
For his part, Nasser Al Awadhi, CEO of Abu Dhabi Islamic Bank Group, said: Today, as we move forward towards achieving our sustainability goals, we are proud to list the world’s first green sukuk on the Abu Dhabi Securities Market, and the widespread interest of global investors in the sukuk was a strong indication of their confidence. In our sustainable finance framework.
This successful issuance was driven by widespread demand from three geographical regions around the world, with 78% allocated to the Middle East and North Africa region, 13% to Europe, and 9% to Asia and the United States of America. Also, 26% was allocated to private banks, 17% to asset and fund managers, 42% to commercial banks, and 16% to others.
Abu Dhabi Islamic Bank appointed Standard Chartered Bank as global coordinator for the issuance of the Sukuk, while Abu Dhabi Islamic Bank, Emirates NBD, First Abu Dhabi Bank and Sharjah Islamic Bank will be joint bookrunners and joint lead managers for the issuance.