Nasdaq Dubai has welcomed the listing of a USD 500 million Green Sukuk by OMNIYAT, a Dubai-based real estate developer, aimed at financing environmentally sustainable projects within its portfolio. The three-year Sukuk, maturing on 6 May 2028, was issued under a USD 1 billion Trust Certificate Issuance Programme and carries a profit rate of 8.375%.
Proceeds from the issuance will support the development of real estate projects focused on energy efficiency, sustainable construction, and improved environmental performance. The Sukuk attracted robust demand from both regional and international investors, with the final pricing tightening from initial guidance of around 8%, reflecting strong market confidence in OMNIYAT’s strategy and the resilience of Dubai’s property sector.
To mark the listing, OMNIYAT’s Founder and Executive Chairman Mahdi Amjad rang the market-opening bell at Nasdaq Dubai in the presence of Hamed Ali, CEO of Nasdaq Dubai and Dubai Financial Market (DFM).
“Today’s bell ringing marks more than just a financial milestone, it signals OMNIYAT’s long-term commitment to sustainable growth and responsible investment,” Amjad said. “The successful launch of this green sukuk reflects our belief that profitability and positive environmental impact are intertwined.”
Hamed Ali noted the significance of the listing in strengthening the exchange’s ESG and Islamic finance offerings. “OMNIYAT’s Green Sukuk listing is a strong addition to Nasdaq Dubai’s ESG and Islamic finance ecosystem. It reflects the growing role of the private sector in advancing sustainable finance and adds further depth to the market,” he said.
With this transaction, the total value of ESG-linked debt instruments listed on Nasdaq Dubai has risen to USD 29.6 billion, over 60% of which are green instruments. The total value of Sukuk listings now stands at USD 96.2 billion, while the broader debt market on the exchange exceeds USD 138 billion.
