Dubai: Nasdaq Dubai today welcomed a US$500 million Green Sukuk by OMNIYAT, a leading Dubai-based real estate developer. The three-year Sukuk, maturing on 6th May 2028, was issued under a US$1 billion Trust Certificate Issuance Programme and carries a profit rate of 8.375%.
According to Emirates News Agency, the Sukuk will support the development of environmentally sustainable real estate projects across OMNIYAT's portfolio, with a focus on energy efficiency, sustainable construction, and environmental performance. The issuance attracted strong demand from regional and international investors, with initial price thoughts around 8% tightening to the final rate, underscoring investor confidence in OMNIYAT's strategy and Dubai's real estate sector.
Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, rang the market opening bell on behalf of the company at Nasdaq Dubai to celebrate the listing in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM). Mahdi Amjad remarked that the bell ringing signifies more than just a financial milestone but also OMNIYAT's long-term commitment to sustainable growth and responsible investment. He emphasized that the oversubscription and subsequent successful issuance reflect a growing appetite for investment vehicles that drive both economic growth and sustainable outcomes.
Hamed Ali commented that OMNIYAT's Green Sukuk listing is a strong addition to Nasdaq Dubai's ESG and Islamic finance ecosystem. He noted that it reflects the growing role of the private sector in advancing sustainable finance and adds further depth to the market. He expressed anticipation for further collaboration as OMNIYAT continues to expand its impact.
With this listing, the total value of ESG-linked debt instruments on Nasdaq Dubai has reached US$29.6 billion, representing a growing share of the exchange's debt market. Green instruments account for over 60% of ESG listings, highlighting strong regional momentum toward sustainable capital markets. The total value of Sukuk listed on Nasdaq Dubai now stands at US$96.2 billion, while the overall value of debt instruments on the exchange exceeds US$138 billion.