2023-11-22 22:06:16
Yesterday, 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 on the Abu Dhabi Securities Market.
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.
Abu Dhabi Securities Market CEO, Abdullah Salem Al Nuaimi, said: “We are pleased to welcome First Abu Dhabi Bank’s listing of green sukuks, confirming our commitment to green investments and sustainable financing. At Abu Dhabi Securities Market, we focus on providing investors with access to innovative and diverse options that serve their needs and meet their goals.” long term. This strategy not only creates opportunities for investors, but also contributes to achieving the goals of economic diversification and sustainability in the UAE.”
For her part, Hana Al Rostamani, CEO of First Abu Dhabi Bank Group, said: “This listing represents an important achievement in the green and Islamic finance sectors in the UAE, and presents many investment opportunities that will allow achieving fruitful results on the social and environmental levels.” She continued: “First Abu Dhabi Bank is considered the pioneer of sustainable financing in the region, which was embodied in its launch of the first green bonds in 2017 and the issuance of the first green debt instrument denominated in the dirham.”
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. $700 million by Sweihan Solar Photovoltaic Energy Company.
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