Nasdaq Dubai has officially welcomed a USD 500 million Green Sukuk issued by OMNIYAT, a prominent real estate developer based in Dubai. This three-year Sukuk is set to mature on 6 May 2028 and was issued as part of a USD 1 billion Trust Certificate Issuance Programme, with a profit rate of 8.375%.

The proceeds from this Sukuk will be utilized to fund environmentally sustainable real estate projects within OMNIYAT’s development portfolio. The focus will be on enhancing energy efficiency, promoting sustainable construction practices, and improving overall environmental performance.

The issuance attracted significant interest from both regional and international investors. Initial pricing discussions started around 8% but tightened to the final rate, demonstrating strong investor confidence in OMNIYAT’s strategic direction and the resilience of Dubai’s real estate market.

To commemorate the listing, Mahdi Amjad, the Founder and Executive Chairman of OMNIYAT, rang the market opening bell at Nasdaq Dubai. He was joined by Hamed Ali, the CEO of Nasdaq Dubai and Dubai Financial Market (DFM).

Mahdi Amjad remarked that the bell ringing signifies more than just a financial achievement; it represents OMNIYAT’s enduring commitment to sustainable growth and responsible investment. He noted that the successful launch of the Green Sukuk illustrates the belief that profitability and positive environmental impact can coexist. The oversubscription of the Sukuk further reflects the increasing demand for investment options that promote both economic advancement and sustainability.

He expressed pride in listing the Green Sukuk on Nasdaq Dubai, which he described as a world-class international exchange providing unmatched visibility and connectivity to global investors. Amjad thanked the Nasdaq Dubai team for their support, highlighting the platform’s role in facilitating smooth market access and enhancing engagement with capital markets.

Hamed Ali stated that OMNIYAT’s Green Sukuk listing adds valuable depth to Nasdaq Dubai’s Environmental, Social, and Governance (ESG) and Islamic finance landscape. He emphasized the growing importance of the private sector in fostering sustainable finance and expressed eagerness to continue collaborating with OMNIYAT as they broaden their impact.

With this new listing, the total value of ESG-linked debt instruments on Nasdaq Dubai has increased to USD 29.6 billion, signifying a notable portion of the exchange’s debt market. Green instruments now comprise over 60% of ESG listings, indicating robust regional momentum towards sustainable capital markets.

Currently, the total value of Sukuk listed on Nasdaq Dubai stands at USD 96.2 billion, while the overall value of all debt instruments on the exchange exceeds USD 138 billion.