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...
OMNIYAT Group, known for its ultra-luxury developments, has established a Strategic Advisory Board aimed at supporting its next phase of growth and transformation. This decision follows a significant achievement for the Group, marked by OMNIYAT’s successful entry into international debt capital markets with a $500 million green sukuk. The establishment of the Advisory Board aligns...
Bank of Sharjah has successfully completed the issuance of a $500 million, three-year Green Sukuk for Omniyat Holdings, serving as Joint Lead Manager and Bookrunner alongside other international and regional banks. This issuance attracted exceptional investor demand, with the order book being oversubscribed by 3.6 times, showcasing strong interest from international and regional investors. The...
Abu Dhabi’s state oil company, the Abu Dhabi National Oil Company (ADNOC), is set to raise $1.5 billion from its first-ever sale of Islamic bonds, known as sukuk. This information was revealed in a document reviewed by Reuters on Monday. The sukuk will be issued at a rate of 60 basis points above U.S. Treasuries....
The United Kingdom is actively seeking to enhance business opportunities for British firms in Dubai and the wider UAE, particularly in the aviation, hospitality, and financial services sectors. Sarah Mooney, the UK trade commissioner for the Middle East and Pakistan as well as the British Consul General to Dubai and the Northern Emirates, emphasized that...
The total value of debt securities listed on Nasdaq Dubai has crossed $136.2 billion, following the recent issuance of a $1 billion sukuk by the Government of Ras Al Khaimah. This latest listing brings the total value of sukuk on the exchange to over $92.7 billion, solidifying Nasdaq Dubai’s status as a leading global hub...
Abu Dhabi-based Tabreed, a prominent district cooling company, has successfully raised $700 million through its inaugural five-year green sukuk. This issuance marks the first under the company’s new $1.5 billion trust certificate issuance program. The sukuk will be listed and traded on the London Stock Exchange’s International Securities Market. The issuance saw strong institutional demand,...