Nasdaq Dubai Celebrates OMNIYAT's USD 500 Million Green Sukuk Listing For Sustainable Development

Nasdaq Dubai has recently listed a US$500 million Green Sukuk issued by OMNIYAT, a prominent real estate developer based in Dubai. This three-year Sukuk, set to mature on 6th May 2028, is part of a larger US$1 billion Trust Certificate Issuance Programme and offers an 8.375% profit rate. The funds will be used to develop environmentally sustainable real estate projects, focusing on energy efficiency and sustainable construction.

The issuance saw significant interest from both regional and international investors. Initial pricing was around 8%, but strong demand led to a tightening to the final rate. This reflects investor confidence in OMNIYAT's strategy and the strength of Dubai's real estate market. The successful issuance underscores the growing appeal of investment vehicles that combine economic growth with sustainability.

Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, marked the occasion by ringing the market opening bell at Nasdaq Dubai. He was joined by Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Amjad stated, "Today’s bell ringing marks more than just a financial milestone, it signals OMNIYAT’s long-term commitment to sustainable growth and responsible investment."

Amjad further expressed pride in listing their Green Sukuk on Nasdaq Dubai, which he described as a world-class international exchange offering unmatched visibility and connectivity for global investors. He acknowledged the support from Nasdaq Dubai throughout the process, highlighting the platform's role in facilitating market access and enhancing engagement with capital markets worldwide.

Hamed Ali commented on the significance of OMNIYAT’s Green Sukuk listing as an addition to Nasdaq Dubai’s ESG and Islamic finance ecosystem. He noted that it highlights the private sector's increasing involvement in promoting sustainable finance and adds depth to the market. Ali expressed anticipation for continued collaboration with OMNIYAT as they expand their impact.

Growth in ESG-Linked Debt Instruments

The listing brings the total value of ESG-linked debt instruments on Nasdaq Dubai to US$29.6 billion, indicating a rising trend towards sustainable capital markets in the region. Green instruments now make up over 60% of ESG listings on the exchange, showcasing strong momentum towards sustainability.

The overall value of Sukuk listed on Nasdaq Dubai has reached US$96.2 billion, while total debt instruments exceed US$138 billion. This growth reflects a robust interest in both Islamic finance and environmentally conscious investments within the region.

This development not only strengthens OMNIYAT's position but also enhances Nasdaq Dubai's reputation as a hub for sustainable finance initiatives. The collaboration between these entities is expected to foster further advancements in green finance across regional markets.

With inputs from WAM