Abu Dhabi Islamic Bank (ADIB) listed Friday the world’s first USD-denominated green sukuk on the Abu Dhabi Securities Exchange (ADX).
The $500 million issuance saw significant demand across three regions, with final allocations of 78% to MENA, 13% to Europe, and 9% to Asia and the USA. Private banks accounted for 26%, asset and fund managers accounted for 17%, commercial banks accounted for 42%, and others for 16% of the investor allocation.
The bank stated that the issuance is anticipated to contribute to the UAE’s economic diversification and sustainability efforts, aiming to support the country’s goals in fostering a green and sustainable economy.
“The widespread interest from global investors in the sukuk indicates their confidence in our sustainable finance framework, our financial performance and prudent financial and risk management approach,” said Nasser Al Awadhi, ADIB Group CEO. “By listing this sukuk on ADX, we are opening the door for ESG-conscious investors to contribute to the region’s economy in a way that maximises the public benefit.”
In recognition of the successful listing, senior representatives from Abu Dhabi Islamic Bank Executive Management rang the bell at the market-opening ceremony at ADX.
