Nasdaq Dubai has announced the listing of Warba Bank’s $500 million Sustainable Trust Certificates, marking the fourth issuance under the bank’s $2 billion trust certificate programme. This is also the first-ever Sustainability Sukuk issued by a Kuwaiti bank under Warba Bank’s sustainable finance framework.
The 5-year certificates aim to fund eligible sustainable projects and align with global sustainability goals. Nasdaq Dubai continues strengthening its position as a leading platform for fixed-income and ESG-related listings, with a total value of $134 billion in listed fixed-income securities and $30 billion in ESG listings, including $18 billion in ESG Sukuk.
The issuance saw a strong investor response, with demand reaching $1.8 billion—3.6 times the issuance size—highlighting the increasing regional interest in sustainable investments. Shaheen H. Al Ghanem of Warba Bank rang the opening bell at Nasdaq Dubai, alongside Hamed Ali, CEO of Nasdaq Dubai and DFM, to commemorate the listing.
Shaheen H. Al Ghanem, CEO of Warba Bank, said, “We are thrilled to announce the successful listing of our Sukuk on Nasdaq Dubai. This initiative represents a pivotal step in our strategy to integrate sustainable practices with our financial offerings. By listing on Nasdaq Dubai, we are not only underscoring our commitment to environmental and social responsibility but also enhancing our visibility among discerning global investors who prioritise sustainability. This issuance allows us to lead by example in the financial sector, driving the adoption of sustainable financing solutions that support long-term environmental, social and economic sustainability.”
Hamed Ali, CEO of Nasdaq Dubai and DFM, said, “We are pleased to welcome Warba Bank’s Sukuk to Nasdaq Dubai. This listing reflects our commitment to continuously support green and sustainable financing initiatives in the region and provide a robust listing platform for such financial instruments.”
With this new listing, the total value of Warba Bank’s Sukuk on Nasdaq Dubai now stands at $1.25 billion across three listings.