Abu Dhabi Securities Exchange (ADX) on Thursday launched the listing of an Dh1.3 billion green sukuk by First Abu Dhabi Bank (FAB), notably marking the fifth Green debt instrument on ADX. FAB is the UAE’s largest bank and one of the world’s largest banking groups, with total assets of Dh1.2 trillion .
The largest-ever dirham sukuk and the lowest-ever priced issuance in the dirham market by a UAE financial institution aims to support the UAE’s objectives in driving a green, diversified and resilient economy.
Abdulla Salem Alnuaimi, chief executive officer of ADX, said: “ We’re delighted to announce the listing of FAB’s green sukuk, reaffirming our commitment as a catalyst for green investments and sustainable finance. The growing popularity of our green debt instruments on ADX reflects investors’ keen interest. At ADX, we take pride in offering tailored access to sophisticated choices, aligning with investors’ long-term goals. This move not only creates opportunities for investors…
