Nasdaq Dubai has announced the listing of $500 million sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This marks the fourth listing under their $2 billion trust certificate issuance programme.
The listing represents the first-ever sustainability sukuk issued in Kuwait. The five-year certificates are intended to support eligible sustainable projects and initiatives, aligning with global sustainability goals.
Nasdaq Dubai continues to strengthen its position as a leading platform for fixed-income and ESG-related listings both regionally and globally. The exchange currently holds a total value of $134 billion in listed fixed-income securities and $30 billion in ESG listings. Among these, ESG Sukuk accounts for $18 billion, including the recent listing by Warba Bank.
The issuance was met with strong investor interest, receiving orders totalling $1.8 billion, which is 3.6 times the issuance size. This robust demand indicates a growing appetite for sustainable investment opportunities in the region.
Hamed Ali, CEO of Nasdaq Dubai and DFM, said the listing “reflects our commitment to continuously support green and sustainable financing initiatives in the region and provide a robust listing platform for such financial instruments.”
With this new listing, the total value of Warba Bank’s sukuk listed on Nasdaq Dubai has reached $1.25 billion.
