Nasdaq Dubai Lists $500M Green Sukuk by OMNIYAT

In a significant development for Dubai's financial landscape, Nasdaq Dubai has welcomed a USD 500 million Green Sukuk issued by OMNIYAT, a prominent Dubai-based real estate developer. The three-year Sukuk, maturing in May 2028, comes with a profit rate of 8.375% and aims to fund environmentally sustainable real estate projects, emphasizing energy efficiency and environmental performance.

This issuance is part of a USD 1 billion Trust Certificate Issuance Programme and has garnered strong demand from both regional and international investors. The initial price thoughts hovered around 8%, but investor confidence in OMNIYAT's strategy and the broader Dubai real estate sector led to a tightening to the final rate.

Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, emphasized the company's commitment to sustainable growth, noting that the successful launch of this green Sukuk reflects a growing appetite for investment vehicles that drive both economic growth and sustainable outcomes. The listing on Nasdaq Dubai, a world-class international exchange, offers unparalleled visibility and connectivity to global investors.

Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM), highlighted that OMNIYAT's Green Sukuk listing adds significant depth to Nasdaq Dubai's ESG and Islamic finance ecosystem. This move underscores the private sector's role in advancing sustainable finance, contributing to a total of USD 29.6 billion in ESG-linked debt instruments on Nasdaq Dubai.

With the total value of Sukuk listed on Nasdaq Dubai now at USD 96.2 billion and the overall value of debt instruments exceeding USD 138 billion, the future looks promising for sustainable finance in Dubai. Given the strong investor demand and the strategic focus on sustainability, the recommendation for potential investors is to buy into this promising financial instrument, which aligns with global trends toward sustainable investment.