The move is part of its strategy to improve government debt indicators by diversifying funding sources
Green bonds
Latest in Green bonds
bond issuance
Sustainable bond issuance slows down in the region despite bond market uptick
S&P Global Ratings report says bond issuance down 18%; COP28’s halo effect and rising interest rates cited as reasons
Green bonds
Masdar raises $1bn with green bond sale
Masdar advances UAE clean energy financing with Green Bond sale
Green bonds
UAE and Saudi Arabia lead $24bn MENA green bond league table
The UAE and Saudi Arabia accounted for 77 per cent of green bonds in the MENA region last year
Green bonds
SCA-registered green bonds and sukuks cross $4.2bn in 2023
Chairman Al Shorafa says UAE government’s decision to exempt registration fee for issuing these sukuk and bonds has led to the surge
Five Holdings
FIVE Holdings launches $350m Green Bond on Nasdaq Dubai
Nasdaq Dubai listings valued at more than $118bn as FIVE Holdings launches Green Bond
Green bonds
Maersk launches $750 million dollar green bond
The offering may yield 1.65 percentage points above Treasuries
Abu Dhabi
Masdar plans more green bonds after successful LSE listing of its $750mn offering
Masdar plans a secondary listing of its green bond offering on the Abu Dhabi Securities Exchange (ADX) later this year
carbon emissions
China Development Bank issues $2.16 billion green bonds
The issue is to protect Yangtze River projects
bond issuance
Saudi PIF raises $3 billion in sale of debut bonds
Saudi Arabia’s PIF manages more than $600 billion in assets, and is at the centre of the Kingdom’s aim to diversify the economy away from oil by boosting non-oil activities
Abu Dhabi Commercial Bank
ADCB prices’ green bond to raise $500 million to support ESG-based projects
The bond, follows a global roadshow and reflects confidence in ADCB and its approach to managing ESG risks and opportunities
Adel Salem Al Wahedi
Tabreed launches Green Financing Framework to fund projects aligned with UAE’s carbon-neutral objectives
Tabreed’s Green Financing Framework and the Second Party Opinion will demonstrate the sustainable nature of the firm’s District Cooling operations, which utilises 50% less power than conventional cooling, while providing an essential service in the GCC and wider region
Green bonds
Abu Dhabi’s TAQA prices first green bond linked to giant solar plant
Bonds will refinance existing debt of Sweihan PV Power Company, which built, owns and operates Noor Abu Dhabi
energy transition
Are green bonds the solution to financing the global energy transition?
Going green is expensive, but green bonds could be the golden financing ticket
First Abu Dhabi Bank
UAE’s biggest bank prices $218m green bond as it embraces sustainable finance
First Abu Dhabi Bank says it has financed over $10bn so far in sustainable projects
ESG investing
GCC banks must act now to capture ESG opportunities
Merely reporting on ESG is not enough. GCC banks must move to embed ESG as part of their business strategy and create the necessary structural changes in their operating models to pursue these new strategies
environmental social and governance
Saudi gov’t may issue first green bond in 2022
World’s largest oil exporter seeks to diversify its investor base and sources of funding