Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

ADIB lists $500m green sukuk on LSE

The issuance was met with exceptional demand with the final orderbook closing at US$2.6 billion. (WAM)
  • London Stock Exchange has welcome ADIB’s listing, as the world’s first dollar denominated green sukuk.
  • This follows the bank’s recent successful listing of US$750 million AT1 perpetual sukuk.

ABU DHABI, UAE – Abu Dhabi Islamic Bank (ADIB) listed successfully its US$500 million green sukuk, the world’s first dollar denominated green sukuk, on London Stock Exchange’s International Securities Market and Sustainable Bond Market.

London Stock Exchange’s has welcome ADIB’s listing, as the world’s first dollar denominated green sukuk. This follows the bank’s recent successful listing of US$750 million AT1 perpetual sukuk.

The bank successfully marked the issuance of its US$ 500 million green sukuk.

The five-year senior sukuk rated A+ by Fitch are priced at a profit rate of 5.695 percent per annum and are payable semi-annually.

The issuance was met with exceptional demand with the final orderbook closing at US$2.6 billion, representing an oversubscription rate of 5.2 times.

This has allowed the final price guidance to be tightened meaningfully by 30 basis points to 115 basis points over five-year US Treasury Rate.

Nasser Al Awadhi, ADIB Group Chief Executive Officer, said, “We are celebrating a great milestone for the ADIB with the listing of the world’s first ever dollar denominated green sukuk in an international financial market.”

He said, “This success underscores the bank’s steadfast commitment to sustainability and to offer a platform for like-minded investors who share our vision of supporting environmentally and socially beneficial projects.”

He added, “We are delighted by the positive response from global and regional investors, demonstrating a shared commitment to responsible financial practices and sustainability.”

Al Awadhi said, “This milestone reinforces our position as a leader in sustainable finance and reaffirms our commitment to creating a lasting impact on our community and the world, guided by Islamic principles and global sustainability standards.”

ADIB intends to allocate an amount equal to the net proceeds of this issuance to fund eligible green projects to accelerate climate transition.

This may include the financing or refinancing of green projects as well as financing customers for eligible green projects as described under the eligibility criteria in the ADIB sustainable finance framework.